Gold price resumes the rise – Forecast today - 03-04-2024

Economies.com
2024-04-03 02:33AM UTC

Gold Price Forecast - 03-04-2024

Gold Analysis

  • Gold price trades with additional positivity, nearing the awaited extended target at 2300.00$.
  • Moving inside a bullish channel supports the chances of further gains on the longer-term basis.
  • The next positive station is expected to reach 2320.00$.
  • The bullish trend scenario remains valid and active, supported by the EMA50.
  • Breaking 2260.00$ may halt the bullish rally, testing 2205.70$ areas before any new positive attempt.

Expected Trading Range for Today

  • Between 2270.00$ support and 2305.00$ resistance.

Trend Forecast: Bullish

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