Gold price forecast update 11-06-2024

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.