Gold price forecast update 23-05-2024-February 2024-www.financetom.com

Gold price forecast update 23-05-2024

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Gold price forecast update 23-05-2024

May 23, 2024 3:43 AM

Gold Price Analysis Expected Scenario Gold price continues to decline to approach our awaited target at 2340.00$, reminding you that breaking this level will push the price to achieve additional bearish correction that targets 2272.06$ areas as a next main station. Moving below the EMA50 supports the continuation of the suggested bearish wave, which will remain valid conditioned by the price stability below 2392.00$. Expected Trading Range Between 2345.00$ support and 2385.00$ resistance.

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

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