Gold prices have maintained stability in recent trading sessions, exhibiting minimal fluctuations around the EMA50 indicator. The current trend remains bearish, underscoring a persistent absence of significant movement, with a projected target at $2272.06.
It is crucial to note that breaching the resistance level at $2340.10 would invalidate the anticipated decline, potentially triggering a recovery phase. Initial gains could see prices aiming for levels around $2365.00, followed by $2400.00.
Today’s anticipated trading range is expected to span between support at $2305.00 and resistance at $2345.00, reflecting ongoing market caution amidst prevailing price levels.