Gold prices closed below the $2900.00 level yesterday, signaling the potential activation of a corrective bearish scenario. However, today’s trading has started with a clear bullish bias, with the price attempting to test the previously mentioned level, which has now turned into resistance. The current bullish momentum is supported by the positivity indicated by the stochastic indicator, suggesting a potential for intraday recovery and gains.
Trend Outlook: Mixed (Potential for Recovery)
Related topics: