Gold price attempts positively – Forecast today - 17-04-2024

Gold Price Analysis

Expected Scenario

• Gold price shows new positive trades to test the 2400.0$ barrier, awaiting to surpass this level to open the way for a rally towards achieving more gains on the short-term and medium-term basis. Our next target is located at 2510.00$.
• The technical indicators provide positive signals supporting the continuation of the suggested bullish trend scenario, which will remain valid conditioned by the price stability above 2325.90$.

Expected Trading Range

Between 2370.00$ support and 2410.00$ resistance.