3
Gold prices have successfully surpassed $2,500, maintaining this level and bolstering expectations for a continued bullish trend. The ultimate target is now set at $2,540. However, current stochastic negativity may lead to temporary fluctuations before the trend resumes. A drop below $2,500 could halt the anticipated rise, pushing prices to test the crucial support level at $2,483.40 before any further upward movement.
Today’s anticipated trading range is between $2,490 (support) and $2,525 (resistance).
Related topic:
How to Trade Gold Futures on TD Ameritrade?