Gold Price Analysis Expected Scenario Gold price achieved initial break to 2325.90$ and closed the last four hours candlestick below it, reinforcing the expectations of continuing the bearish trend efficiently in the upcoming sessions. This opens the way to target 38.2% Fibonacci correction level at 2260.60$. Therefore, our bearish overview will remain valid for today, noting that holding below 2325.90$ represents initial condition to the continuation of the expected decline. Breaching it will lead the price to start recovery attempts that target testing the most important resistance for the intraday trades at 2368.50$. Expected Trading Range Between the support at 2300.00$ and the resistance at 2345.00$.

Trend Forecast: Bearish Read more: Will Gold price reach 3000$ areas?