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Gold prices are exhibiting a mild bearish inclination currently. There's a possibility of testing the crucial support level at $2325.90 before a potential upturn resumes.
The bullish trend remains intact unless the mentioned support is breached and sustained below. The optimistic outlook is underpinned by positive stochastic momentum and the EMA50.
Initial targets lie at $2393.00, with further upside potential extending to $2510.00 following a breakthrough of the preceding level.
Expected Trend
Today's expected trading range spans from the support level at 2345.00 to the resistance level at 2390.00.
The expected trend for today is bullish.
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