Gold price maintained its stability around $2310.00 yesterday, signaling a lack of significant movement in the market. The absence of substantial fluctuations reinforces the prevailing bearish trend scenario on an intraday basis, with the next main target set at the 38.2% Fibonacci correction level of $2260.60.
The EMA50 continues to reinforce the anticipated bearish wave, retaining validity unless breached by $2325.90 and sustained with a daily close above this level.
Expected Trading Range
Today’s anticipated trading range is projected between the support level of $2290.00 and the resistance level of $2325.00.