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Gold prices are exhibiting clear bullish momentum, reinforcing expectations for the continuation of the upward trend throughout the day. The current trajectory suggests the potential to reach our primary target of $2,600.00, supported by positive stochastic indicators. A breach of this level could propel the price towards the next target of $2,630.00.
The anticipated rise will remain valid as long as the price remains above $2,550.00. A decline below this support level could alter the current trend.
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Today’s expected trading range is between a support level of $2,550.00 and a resistance level of $2,590.00.
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Trend Forecast: Bullish
