Gold price forecast update 02-05-2024
Economies.com
2024-05-02 09:06AM UTC
Gold Trading Report
Gold price shows new negative trades to move away from 2325.90$ level, reinforcing the expectations of continuing the bearish trend for today, motivated by the negative overlapping signal provided by stochastic now, reminding you that our waited target is located at 2260.60$, which breaking it represents to key to rally towards 2207.80$ as a next correctional target.
We remind you that the continuation of the bearish wave depends on the price stability below 2325.90$.
The expected trading range for today is between 2290.00$ support and 2335.00$ resistance.
Trend forecast: Bearish
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