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Gold prices are currently exhibiting a slight bearish bias, though stochastic indicators are attempting to gather positive momentum. This sets the stage for a potential resumption of the expected bullish trend, with a target of $2,700.00 as the next key milestone. However, if gold prices break below the $2,652.00 level, it would shift the intraday trend to a decline, initiating a bearish correction that could lead to a test of the $2,605.00 area.
The anticipated trading range for today is between a support level of $2,655.00 and a resistance level of $2,695.00.
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Trend Forecast: Bullish
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