Gold Price Analysis
Forecasts and Analysis
Gold price remained stable around 2310.00$ yesterday, indicating no significant movement.
No change to the expected bearish trend scenario on the intraday basis, targeting a visit to the 38.2% Fibonacci correction level at 2260.60$ as the next main station.
The EMA50 continues to support the suggested bearish wave, remaining valid unless breaching 2325.90$ and holding with a daily close above it.
Expected Trading Range
The expected trading range for today is between 2290.00$ support and 2325.00$ resistance.
Trend Forecast: Bearish
Exness Economic Calendar👇
https://one.exness-track.com/c....alendar/a/uq2cbl5o/?
![image](https://pipsgram.com/upload/photos/2024/05/WiibKdJ7xHeKsmp2PUTb_09_cb00ef4260e6929a833916d4e74879b7_image.png)