Gold price forecast update 03-05-2024
Economies.com
2024-05-03 13:53PM UTC
Gold price resumes its negative trading clearly to approach our waited target at 2260.60$, and the way seems open to surpass this level and head towards the next correctional target that reaches 2207.80$, noting that breaching 2325.90$ will stop the correctional bearish trend and lead the price to attempt to regain the main bullish trend again.
The expected trading range for today is between 2270.00$ support and 2320.00$ resistance.
Trend forecast: Bearish
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