Gold price forecast update 12-03-2024
Economies.com
2024-03-12 09:08AM UTC
Gold price shows sideways trades since morning, and still around 2180.00, which keeps the bullish trend scenario valid as it is without any change, which targets testing 2200.00 as a first station, reminding you that breaching it will extend the bullish wave towards 2260.00.
On the other hand, we should note that breaking 2144.60 will put the price under correctional bearish pressure that its next target reaches 2114.55.
The expected trading range for today is between 2165.00 support and 2200.00 resistance.
Trend forecast: Bullish
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