Gold price forecast update 10-05-2024
Economies.com
2024-05-10 10:26AM UTC
Expected Trading Scenarios
- Gold price shows additional positive trades to reach 2370.00$ now.
- This reinforces the expectations of continuing the bullish trend in the upcoming sessions.
- The way is open to achieve our positive targets that start at 2400.00$ followed by 2431.44$.
- The EMA50 continues to support the suggested bullish wave.
- This wave will remain valid unless breaking 2325.90$ level and holding below it.
Expected Trading Range
- Support: 2335.00$
- Resistance: 2375.00$
Trend Forecast: Bullish
Read more: Will Gold price reach 3000$ areas?
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