Gold Price Analysis Expected Scenario Gold price provided clear negative trades yesterday to surpass 2300.00$ barrier, reinforcing the expectations of continuing the correctional bearish trend. The way is open to achieve our awaited target at 2272.06$, which represents the 38.2% Fibonacci correction level for the rise seen on the chart. Breaking this level will push the price towards 2217.10$ as the next negative target. The EMA50 continues to support the suggested bearish wave. It is important to hold below 2340.10$ to achieve the expected targets. Expected Trading Range Between 2275.00$ support and 2315.00$ resistance.

Trend Forecast: Bearish