Gold price keeps its negative stability – Forecast today - 24-04-2024

Gold Price

Expected Scenario

• Gold price ended yesterday below 2325.90$, to keep the correctional bearish trend scenario valid for the upcoming period, waiting to head towards 2260.60$ that represents the next correctional target.
• Stochastic provides clear negative signals now that support the chances of resuming the expected decline, besides the negative pressure formed by the EMA50, noting that breaching 2325.90$ followed by 2343.00$ levels will stop the bearish correction and push the price to return to the main bullish track again.

Expected Trading Range

The expected trading range for today is between 2295.00$ support and 2335.00$ resistance.