Gold price forecast update 12-04-2024
Economies.com
2024-04-12 10:54AM UTC
Gold Price Analysis
Expected Scenario
- Gold price continues to rise to succeed touching 2400.00$ level, and we expect the continuation of the positive trading and achieve additional gains that extend to 2510.00$ on the near-term basis.
- Stochastic current negativity might cause some temporary sideways fluctuation before resuming the expected rise, which will remain valid conditioned by the price stability above 2362.50$.
Expected Trading Range
Between 2375.00$ support and 2415.00$ resistance.
Trend Forecast: Bullish
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