Gold price forecast update 11-04-2024

Gold Price Analysis

Expected Scenario

• Gold price fluctuates within sideways track and settles around 2340.00$, waiting to activate the positive signals for stochastic to motivate the price to resume the expected bullish trend for today, which targets 2370.00$ followed by 2400.00$ levels mainly.
• Breaching 2352.50$ will reinforce the positive overview, while holding above 2326.50$ represents key condition to achieve the suggested targets.

Expected Trading Range

Between 2335.00$ support and 2370.00$ resistance.