Gold Price Rises, Eyes $2400 Mark – 17-04-2024

by Jennifer

In recent trading sessions, gold has exhibited an upward trajectory, with prices now poised to challenge the $2400 mark. Analysts anticipate a potential breakthrough of this threshold, paving the way for further gains in the short and medium term. The next significant target stands at $2510.

Technical indicators offer favorable signals, bolstering confidence in a sustained bullish trend. This outlook hinges on the condition that prices maintain stability above $2325.90.


Current trading dynamics suggest a range-bound movement, with support lying at $2370 and resistance at $2410.


Forecasters remain bullish on the trajectory of gold prices, anticipating continued positive momentum in the near future.

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