Advertisements

Gold Price Analysis: Bullish Trend Expected to Continue

by Daisy

Gold resumed its upward trajectory yesterday, reaching the $2,380.00 level and reinforcing expectations of a continued bullish trend in the short term. The next targets are set at $2,400.00 and $2,450.00.

The EMA50 indicator supports the price from below, bolstering the outlook for a continued rise in the upcoming sessions. For the bullish trend to persist, the price needs to gather positive momentum to push towards the suggested targets. However, it is important to note that if the price breaks below $2,340.10, it will halt the expected rise and may push the price back onto a correctional bearish track.

Advertisements

Expected Trading Range

Support: $2,360.00

Advertisements

Resistance: $2,400.00

Trend Forecast: Bullish

You May Also Like

blank

Futuresstocktrading.com is a comprehensive futures information portal. Whether you’re a novice or seasoned trader, find futures news, futures market, futures trading tips, and futures basic knowledge to enhance your trading prowess and financial success.

[Contact us: [email protected]]

© 2023 Copyright  Futuresstocktrading.com – Futures Market, Investment, Trading & News