Gold Price Analysis

Expected Scenario

Gold price provided new positive trades to reach 2355.00$ areas, reinforcing the expectations of continuing the bullish trend on the intraday and short-term basis. Our next positive station is located at 2364.00$. Stochastic current negativity might cause some temporary sideways fluctuation before resuming the suggested bullish wave. Breaking 2320.00$ will push the price to turn to decline and test the key support areas that start at 2270.00$ and might extend to 2242.00$ before any new attempt to rise.

Expected Trading Range

Between 2295.00$ support and 2335.00$ resistance.

Trend Forecast: Bullish