Gold price attempts to recover – Forecast today - 19-03-2024

Gold price shows positive trades to approach testing the key resistance that declines now to 2166.75, accompanied by stochastic loss to the positive momentum, which might hinder the mission to achieve more gains, to keep the price confined between the key levels represented by the mentioned resistance and 2145.35 support, which keeps our neutrality valid until the price manages to breach one of these levels.

We remind you that breaching the resistance will lead the price to resume the main bullish trend and achieve gains that start by visiting 2200.00 areas, while breaking the support represents the key to achieve additional bearish correction that its next target located at 2114.55.

The expected trading range for today is between 2145.00 support and 2180.00 resistance.

Trend forecast: Neutral