Gold price surpasses the target – Forecast today - 23-04-2024
Economies.com
2024-04-23 03:52AM UTC
Gold Price Analysis
Expected Scenario
- Gold price opened today's trading with a strong decline, breaking the support at 2325.90$ and settling below it. This suggests the potential for more expected bearish correction on the intraday basis, with the next target located at 2260.60$.
- Expectations lean towards witnessing further decline in the upcoming sessions, supported by the negative pressure formed by the EMA50. However, breaching 2325.90$ will halt the negative pressure and may lead the price to attempt to regain the main bullish trend.
Expected Trading Range
Between the support at 2275.00$ and the resistance at 2335.00$
Trend Forecast: Bearish
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