Gold price needs positive motive – Forecast today - 26-03-2024

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