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Gold price has stabilized around the 2160.00 level following a recent decline in previous sessions. It's worth noting that the stochastic indicator is showing signs of positive overlap, indicating a potential catalyst for the resumption of the anticipated bullish trend in the short-term and intraday. The next target for gold is expected to be at the 2200.00 level.
The continuation of this bullish momentum relies on maintaining stability above the 2145.35 mark. However, a break below this level is crucial as it could signal the beginning of a bearish correction, with the initial target set around the 2114.55 area.
Expected Trend
Today's expected trading range spans from the support level at 2145.00 to the resistance level at 2180.00.
The expected trend for today is bullish.
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