Gold price forecast update 18-04-2024
Economies.com
2024-04-18 11:09AM UTC
Gold Price Analysis
Expected Scenario
- Gold price shows additional positive trades.
- Stochastic continues to provide the positive signals supporting the price to achieve more expected rise for the rest of the day.
- Waiting to breach the recently recorded high at 2431.45$ to rally towards our main expected target at 2510.00$.
Expected Outcome
In general, the bullish trend will remain valid and active for today unless breaking 2370.00$ and holding below it.
Expected Trading Range
Between the 2360.00$ support and the 2400.00$ resistance.
Trend Forecast: Bullish
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