5
Gold prices have stabilized around $2,510 following a strong rise in recent sessions. This pause, influenced by stochastic negativity, has led to sideways trading as the market awaits positive momentum to potentially drive prices higher, with a target of $2,540 in sight.
The overall bullish trend is expected to continue unless prices drop below $2,492, followed by $2,483. Such a decline would likely halt the anticipated rise and may lead to short-term bearish corrections.
Today’s anticipated trading range is between $2,495 and $2,535.
Related topic:
How to Trade in MCX Gold Futures?