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Gold price remains range-bound, fluctuating around the 2180.00 mark, awaiting a catalyst to drive it upwards towards the optimistic targets ranging from 2200.00 to 2260.00.
The EMA50 remains a supportive factor for the anticipated bullish movement. It's important to note that a breach of 2144.60 would stop the positive scenario and potentially initiate a bearish correction on the intraday basis.
Expected Trend
Today's expected trading range spans from the support level at 2165.00 to the resistance level at 2200.00.
The expected trend for today is bullish.
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