Gold price trading stabilizes above the 2200 level, which keeps the expected bullish trend scenario effective in the immediate term.
The 50 moving average supports the price from below, enhancing expectations for a rise.
Breaking the 2200 level will stop the upward trend and put pressure on the price to conduct an additional downward correction, targeting the 2177 areas directly.
Expectations and expected range
The expected trading range for today is between the support 2177 and the resistance 2200.