Gold price forecast update 11-06-2024
2024-06-11 09:21AM UTC

Gold Price Analysis

Expected Scenario

  • Gold price shows weak trades since morning, settling around 2300.00$ level, while stochastic continues to provide the negative signals, waiting to resume the expected bearish wave for today, which its targets begin at 2272.06$ and extend to 2217.10$ after breaking the previous level, reminding you that the continuation of the bearish trend depends on the price stability below 2340.10$.

Expected Trading Range

Between 2275.00$ support and 2315.00$ resistance.

Trend Forecast: Bearish

Read more: Will Gold price reach 3000$ areas?

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