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Gold Price Poised for Gains, Eyes 2790$ Target Despite Short-Term Fluctuations

by Daisy

Gold prices have made additional gains, coming within a few pips of the next target at $2725.00, but have since shown some sideways movement influenced by stochastic negativity. The price is expected to gather the necessary positive momentum to continue its upward trajectory, with the next key target set at the historical high of $2790.00.

The bullish outlook remains in place for the short-term, though a break below $2680.00 would halt the upward trend and could lead to a bearish correction on an intraday basis.

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For today, the expected trading range is between $2700.00 support and $2740.00 resistance.

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Trend forecast: Bullish

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