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Gold prices successfully reached the second target at $2710.00, showing a slight bearish bias at the open today, influenced by stochastic negativity. However, the price is expected to gather positive momentum and resume the main bullish trend, with the next target seen at $2790.00.
Support from the EMA50 strengthens the outlook for continued bullish movement. A break below $2640.00 would negate the current bullish trend and potentially lead to a new bearish correction.
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The expected trading range for today is between $2680.00 (support) and $2715.00 (resistance).
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Trend Forecast: Bullish
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