Gold price forecast update 22-03-2024

Economies.com
2024-03-22 11:31AM UTC

Gold price hovers around 2166.30$ level and still consolidated above it, noticing that stochastic enters the oversold areas, waiting to motivate the price to resume the expected bullish trend for today, which targets 2222.86$ followed by 2239.00$ levels mainly.

 

The EMA50 meets the current support areas to add more strength to it and protect the positive scenario, which will remain valid unless breaking 2166.30$ and holding with a daily close below it. 

 

The expected trading range for today is between 2170.00$ support and 2210.00$ resistance.

 

Trend forecast: Bullish

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