Technical Analysis:
Today, the gold market is expected to follow a bearish trend, driven by high selling volume, targeting $2,657 and potentially $2,648.
If the price remains below $2,670, it is likely to test $2,657, with further declines possible to $2,648. However, a break above $2,670 could push the price to $2,680, and a sustained break above $2,680 would extend the bullish trend towards $2,699.
Key Levels:
Pivot Point: 2670
Resistance Levels: 2680, 2690, 2699
Support Levels: 2657, 2648, 2634
Trend:
Bearish: While below 2,670
Bullish: Upon breaking 2,680