Gold price forecast update 18-03-2024
Economies.com
2024-03-18 09:17AM UTC
Gold price tested the key support 2145.35 without managing to break it, and as we mentioned this morning, this level represents one of the next trend keys besides 2170.40 resistance, as the price needs to surpass one of these levels to detect its next destination clearly.
Therefore, we will continue with our neutrality until now, reminding you that breaking the support will push the price to achieve bearish correction that its next target reaches 2114.55, while breaching the resistance will push the price to resume the main bullish track and target 2200.00 initially.
The expected trading range for today is between 2135.00 support and 2170.00 resistance.
Trend forecast: Neutral
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