Gold price attempts positively – Forecast today - 27-03-2024

Gold Price Analysis

Gold price settles around 2175.00$ after the rise that it witnessed yesterday, waiting to resume the bullish wave that targets 2222.86$ as a next main station, as the price is getting continuous positive support by the EMA50, besides stochastic move near the oversold areas.

• Holding above 2166.50$ is important to the continuation of the expected rise, as breaking it represents the key to achieve new bearish correction that its next target reaches 2131.70$ areas.

The expected trading range for today is between 2160.00$ support and 2195.00$ resistance.

Trend forecast: Bullish