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Gold prices have continued their downward trajectory, falling below the $2,450 mark and initiating a bearish correction following a recent bullish trend. The market is now anticipated to test the $2,410.90 level, with a potential break below this point likely to result in further declines. If this support is breached, gold prices may face additional losses, potentially dropping to $2,390 and possibly extending to $2,366.10.
For today, a bearish outlook is forecasted. However, should gold prices rise above $2,438.60, the anticipated downward movement could be halted, allowing the price to revert to its primary upward trend.
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The projected trading range for today is between $2,405.00 on the support side and $2,445.00 on the resistance side.
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