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Gold prices have opened today with clear negativity, having broken through the key bullish trend line. This suggests a continuation of the bearish trend in the coming sessions, with an initial target of $2600.00. A break below this level would extend the decline, targeting $2560.00 and $2513.15 as the next potential support levels.
The bearish bias is expected to persist today, as long as the $2658.00 resistance holds. If this level is breached, the current negative pressure will be reversed, and gold may resume its main bullish trend.
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The expected trading range for today is between $2605.00 (support) and $2640.00 (resistance).
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Trend Forecast: Bearish
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