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Gold price forecast update 16-05-2024
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Gold price forecast update 16-05-2024
May 16, 2024 3:37 AM

Gold Price Analysis Expected Scenario Gold price fluctuates within tight range since morning, thus, no change to the expected bullish trend scenario for today, which depends on the price stability above 2325.90$, supported by the EMA50, reminding you that we are waiting to visit 2400.00$ followed by 2431.44$ as next main targets.

Expected Trading Range The expected trading range for today is between 2370.00$ support and 2410.00$ resistance.

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

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