Gold price trades positively now, as it is affected by stochastic positivity, and it might head for new test to the key resistance 2340.10$ before turning back to decline again.

Until now, the bearish trend scenario still active unless the price rallied to breach the mentioned resistance and hold above it, reminding you that our main waited target is located at 2272.06$.

The expected trading range for today is between 2275.00$ support and 2315.00$ resistance.

Trend forecast: Bearish