Gold price forecast update 15-04-2024
Economies.com
2024-04-15 09:27AM UTC
Gold Price Analysis
Expected Scenario
- The price of gold is currently showing a slight bearish bias.
- There might be a test of the key support at 2325.90$ before a potential upward movement resumes.
- The bullish trend scenario remains valid unless the mentioned support is broken and held below.
- The bullish outlook is supported by stochastic positivity and the EMA50.
- Targets start at 2393.00$ and extend to 2510.00$ after surpassing the previous level.
Expected Outcome
The price is expected to maintain a bullish trend.
Expected Trading Range
Between the support at 2345.00$ and the resistance at 2390.00$.
Trend Forecast: Bullish
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