Gold prices are extending their upward momentum, surpassing the $2655.00 level, and reinforcing the dominance of the bullish trend. This movement paves the way toward the next target at $2710.00. However, traders should note that stochastic negativity could slow the pace of the bullish wave.
Overall, the outlook remains positive as long as Gold holds above the critical support level of $2620.00.
Today’s Trading Range
Support Level: $2640.00
Resistance Level: $2675.00
Trend Forecast: Bullish
Market participants should monitor key levels closely, with the bullish scenario prevailing unless significant downside breaches occur.
Related topics: