Gold Prices Resume Upward Momentum – Forecast for April 3, 2024

by Jennifer

Gold price resurgence continues today, edging closer to the anticipated extended target of $2300.00. Maintaining momentum within a bullish channel enhances the prospects for further gains over the long term. The next significant milestone is projected to reach $2320.00. The bullish trend remains robust and active, buoyed by the EMA50 indicator.

A break below $2260.00 could temporarily impede the bullish rally, potentially leading to a test of support around the $2205.70 mark before a renewed upward move.


Expected Trading Range for Today:

  • Support: $2270.00
  • Resistance: $2305.00

Trend Forecast: Bullish

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