Gold Price Analysis: Expected Scenario
The gold price traded positively in the previous sessions, breaching the 2340.10$ level and closing the daily candlestick above it, indicating a halt to the bearish correction and a potential return to the main bullish trend.
The price is expected to target gains starting at 2410.00$ followed by 2450.00$ levels.
Breaching 2365.65$ will facilitate achieving the suggested targets. However, current stochastic negativity may slow down the expected bullish wave. Breaking 2340.10$ will halt the bullish trend and push the price to decline again.
Expected Trading Range
Between 2340.00$ support and 2375.00$ resistance.
Source: Economies.com
