The gold price commenced today’s trading session with a robust bullish rally, surpassing the anticipated target at $2250.00 and establishing itself above this level. This development bolsters the likelihood of a sustained bullish trend in the intraday and short-term outlook, paving the way for additional gains towards the next key level at $2300.00.
It is worth noting that breaching the $2257.00 mark may exert downward pressure on the price, potentially leading to a test of the support base formed above $2222.86 before any subsequent upward movement.
This update underscores the continued momentum in gold prices, with investors closely monitoring further developments amid evolving market dynamics.