Gold price forecast update 26-04-2024
Economies.com
2024-04-26 11:00AM UTC
Gold Price Analysis
Expected Scenario
- Gold price shows new positive trades to attempt to return to the bullish channel again.
- Stochastic loses its positive momentum to form potential negative pressure on the price.
- We continue with our neutrality until the price confirms breaching 2346.50$ resistance or break 2325.90$ support to detect its next destination clearly.
Details of Targets and Support
- Breaking the resistance will lead the price to target 2390.00$ followed by 2431.45$ levels as next positive stations.
- Breaking the support will push the price to achieve additional bearish correction, with the next target reaching 2260.60$.
Expected Trading Range
Between 2315.00$ support and 2355.00$ resistance.
Trend Forecast: Neutral
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