The price of gold has tested the support level at 2016.90 and has initiated a bullish rebound from that point. This activity sustains the prevailing bullish trend, backed by positive stochastic indicators. These factors are likely to facilitate positive trading sessions in the upcoming period, with the primary target set at 2065.70.
A breakthrough of the 2035.00 level will facilitate the attainment of the anticipated target, while a breach of 2016.90 will subject the price to corrective bearish pressures, leading it towards the 1977.46 regions as the subsequent negative threshold.
The expected trading range for today is anticipated to range between the support level at 2010.00 and the resistance level at 2045.00.
Expected Trend for Today: Overall Bullish
