Gold price shows bearish bias to move below 2340.10$ level, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, waiting to break 2318.50$ level to get negative motive that pushes the price to achieve our correctional targets that start at 2272.06$ and extend to 2217.10$ after breaking the previous level.

Therefore, our bearish overview will remain valid for today unless the price rallied to breach 2360.0$ and hold above it.

The expected trading range for today is between 2320.00$ support and 2360.00$ resistance.

Trend forecast: Bearish

Read more: Will Gold price reach 3000$ areas?