Gold prices exhibited positive trades in yesterday’s session, distancing itself from the crucial support level at $2325.90. This development reinforces the ongoing bullish trend, with projected targets commencing at $2400.00, followed by $2431.44.
Supporting this upward trajectory is the EMA50, bolstering the suggested bullish wave. However, there may be some sideways fluctuation influenced by stochastic negativity. Anticipating a gathering of positive momentum, investors await a push beyond $2380.00, facilitating the achievement of the awaited targets. It is noteworthy that the sustainability of the bullish trend hinges on maintaining price stability above $2325.90.
Expected Trading Range:
Support: $2340.00
Resistance: $2380.00