Gold price forecast update 24-04-2024
Economies.com
2024-04-24 09:29AM UTC
Analysis of Expected Scenarios
- Gold price shows slight negative trades now to hint the attempt to resume the expected correctional bearish trend, motivated by stochastic negativity, waiting to head towards 2260.60$ as a next main target.
- The EMA50 continues to press negatively on the price to support the expectations to decline, which will remain valid unless the price rallied to breach 2325.90$ followed by 2343.00$ levels and holding above them.
The expected trading range for today is between 2295.00$ support and 2335.00$ resistance.
Trend forecast: Bearish
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