Gold Price Forecast Update – June 6, 2024

by Jennifer

Current Scenario:

The gold price is currently exhibiting a slight bearish bias, influenced by stochastic negativity. However, the bullish outlook remains valid as long as the price stays above $2,340.10. The next targets for the bullish trend are $2,400.00 followed by $2,450.00 levels. It’s important to observe that a breach below $2,340.10, followed by $2,317.00, would reactivate the correctional bearish scenario, subjecting the price to negative pressure with the next target at $2,272.06.

Expected Trading Range:

The anticipated trading range for gold is between a support level of $2,360.00 and a resistance level of $2,395.00.


Trend Forecast:

The overall trend forecast for gold remains bullish.


You May Also Like


Bnher is a comprehensive futures portal. The main columns include futures market, futures exchanges, futures varieties, futures basic knowledge and other columns.

[Contact us: [email protected]]

© 2023 Copyright – Futures Market, Investment, Trading & News