Gold price forecast update 11-03-2024
Economies.com
2024-03-11 10:00AM UTC
Gold price fluctuates around 2180.00 level since morning, and didn’t show any strong move in the previous sessions, while stochastic attempts to gather the positive momentum on the intraday time frames, waiting to motivate the price to resume the expected bullish trend for today, which its targets begin at 2200.00 and extend to 2260.00 after surpassing the previous level.
Holding above 2144.60 is important to the continuation of the expected rise, as breaking it represents the key to turn to decline and achieve intraday bearish correction before turning back to rise again.
The expected trading range for today is between 2160.00 support and 2200.00 resistance.
Trend forecast: Bullish
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