Gold Price Analysis

Expected Scenario

Gold price trades negatively now, affected by stochastic negativity. It might head towards testing the key support base formed at 2260.00$ before turning back to rise again.

Expected Outcome

Until now, the overall positive scenario still valid for the upcoming period, supported by the EMA50, reminding you that our next target reaches 2330.00$, while breaking 2260.00$ represents negative factor that will force the price to suffer additional losses and visit 2215.00$ areas before turning back to rise again.

Expected Trading Range

Between 2280.00$ support and 2325.00$ resistance.

Trend Forecast: Bullish