Gold price settled at $2325.90, maintaining its stability below this crucial level, signaling potential negative movements. Stochastic indicators are clear in their indication of a possible resumption of the expected bearish trend on an intraday basis, with a target set at $2260.60 as the next significant station.
For the expected decline to sustain, it’s crucial for the price to remain below $2325.90. However, breaching this level would halt the correctional bearish scenario and might prompt the price to endeavor to reclaim the primary bullish trend.
Today’s anticipated trading range is as follows:
Support: $2295.00
Resistance: $2335.00
Trend Forecast:
Bearish