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Gold Price Analysis
Gold is currently testing the key resistance level at $2340.10 and remains stable below this point, sustaining the bearish trend on an intraday basis. The anticipated target is the 38.2% Fibonacci correction level at $2272.06. A break below $2324.00 is needed to facilitate the move towards this target. However, if the price breaches $2340.10, it will halt the expected decline and potentially lead to a resurgence of the main bullish trend.
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Expected Trading Range
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For today, the expected trading range for gold is between the $2310.00 support and the $2345.00 resistance.
Trend Forecast: Bearish
