Gold price needs positive motive – Forecast today - 26-03-2024
Economies.com
2024-03-26 02:16AM UTC
Gold Price Analysis
- Gold price settles above the 2166.50$ level, maintaining the expected bullish trend scenario on the intraday basis.
- The EMA50 provides support from below, reinforcing expectations for a rise.
- The price needs positive momentum to resume the bullish wave and achieve the awaited targets.
- Breaking below 2166.50$ may halt the bullish trend and lead to additional bearish correction targeting 2131.70$ areas directly.
Expected Trading Range for Today:
- Support: 2160.00$
- Resistance: 2190.00$
Trend Forecast: Bullish
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