Gold prices have broken the intraday bullish trend line and settled below it, reinforcing expectations for the continuation of the bearish trend on an intraday basis. The next key targets are $2615.00 and $2600.00.
Stochastic indicators have lost their positive momentum, further supporting the outlook for a decline. However, if the price breaks above the $2687.00 level, this would halt the bearish movement and shift the market back to a bullish trajectory.
Expected Trading Range for Today:
- Support: $2625.00
- Resistance: $2660.00
Trend Forecast: Bearish
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