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Gold prices have found support at the 50-day Exponential Moving Average (EMA50) and have started to rebound, signaling a potential continuation of the bullish trend in the short term. The next key target is set at $2,400.
A breach of the $2,380 level will further bolster the momentum towards this target. Conversely, a drop below $2,340.10 could halt the bullish movement, shifting the trend back to a bearish correction with a potential downside target of $2,272.06.
Today’s trading range is expected to be between the support level at $2,350 and the resistance level at $2,390.
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Gold and Silver Prices Fluctuate