Gold price forecast update 15-05-2024

Economies.com
2024-05-15 09:28AM UTC

Gold Price Analysis

Expected Scenario

  • Gold price shows clear positive trades now to approach the key resistance 2380.00$, and as we mentioned this morning, the price needs to breach this level to reinforce the positive overview and open the way to achieve our waited targets that start at 2400.00$ and extend to 2431.44$.
  • Therefore, we will continue to suggest the bullish trend for the upcoming period, supported by the EMA50, reminding you that it is important to hold above 2325.90$ to achieve the waited targets.

Expected Trading Range

Between 2340.00$ support and 2380.00$ resistance.

Trend Forecast: Bullish

 

Read more: Will Gold price reach 3000$ areas?

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