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

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