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Gold price forecast update 29-04-2024
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Gold price forecast update 29-04-2024
Apr 29, 2024 4:24 AM

Gold Price Analysis Key Points: Gold price has found solid support at $2325.90, indicating a slight bullish bias. The EMA50 is posing minor resistance against the price, suggesting a potential for further upward movement. However, the correctional bearish scenario remains in place unless the price breaches $2360.50 and returns to the main bullish channel. Confirmation of bullish momentum would require a break above $2360.50, targeting the main awaited level at $2260.60. Expected Trading Range: The anticipated trading range for today is between $2305.00 (support) and $2345.00 (resistance).

Trend Forecast: Bearish

Read more: Will Gold price reach 3000$ areas?

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