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The gold price has successfully surpassed the $2222.86 level, confirmed by the daily candlestick closing above it. This strengthens the outlook for continued bullish momentum in the short term and on an intraday basis.
Our anticipated target is set around the $2250.00 mark. We anticipate further upward movement in the upcoming sessions, following the established bullish channel visible on the chart.
However, a break below $2222.86 and subsequent trading below it may result in a decline, potentially testing the support line of the bullish channel around $2188.00 before any new upward attempt.
Expected Trend
Today's expected trading range spans from the support level at 2160.00 to the resistance level at 2195.00.
The expected trend for today is bullish.
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