Gold price forecast update 02-04-2024

Economies.com
2024-04-02 09:40AM UTC

Gold Price Forecast

Gold price resumes its positive trading to start the attempts to breach 2260.00$, which supports the continuation of the expected bullish trend for the upcoming period, which its next main target located at 2300.00$.

  • The EMA50 keeps supporting the suggested bullish wave, taking into consideration that failing to surpass the current areas will push the price to rebound bearishly and head to test the key support areas 2222.86$ and might extend to 2202.00$ before any new attempt to rise.

The expected trading range for today is between 2235.00$ support and 2270.00$ resistance.

Trend Forecast

Bullish

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