Gold is trading at 2296, with a notable resistance level observed at 2300. Should gold breach this resistance, traders may consider pursuing the following targets: 2310 to 2318.
Alternatively, should a sell pattern manifest, indicating a potential downturn, traders may anticipate the following support levels: The initial support rests at 2275, followed by potential targets at 2265 to 2255.
This analysis suggests potential trading opportunities based on current market dynamics and key price levels. Traders are advised to monitor these levels closely and adjust their strategies accordingly.