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Gold price forecast update 13-05-2024
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Gold price forecast update 13-05-2024
May 13, 2024 5:35 AM

Gold price Expected Scenario Gold price faces negative pressure now to head towards potential test to the key support 2325.90$, accompanied by stochastic reach to the oversold areas, waiting to resume the expected bullish wave for today, which gets good support by the EMA50, reminding you that our next target is located at 2400.00$. On the other hand, we remind you that breaking 2325.90$ will stop the expected rise and force the price to achieve additional bearish correction that its next target reaches 2260.60$. Expected Trading Range Between 2335.00$ support and 2370.00$ resistance.

Trend Forecast: Bullish Read more: Will Gold price reach 3000$ areas?

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