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Gold price awaits the break – Forecast today - 30-04-2024
Gold Price Analysis
Gold price is hovering around the $2325.90 level and has initiated new attempts to breach this level at today’s open. Stochastic indicators are showing negative signals, which we anticipate will help push the price to break this level and head towards the next correctional level at $2260.60.
Therefore, we maintain our bearish trend forecast for the upcoming period. However, it's worth noting that breaching $2368.50 will halt the expected decline and resume the main bullish trend.
Expected Trading Range
- Support: $2305.00
- Resistance: $2345.00
Trend Forecast
Bearish
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