Gold Price Holds Steady Amid Tight Range – Forecast for July 5, 2024

by Jennifer

Gold Price Analysis

Current Scenario


Gold prices have been fluctuating within a narrow range since yesterday, remaining around $2360.00. Despite this stability, the outlook for an intraday bullish trend remains unchanged. The primary target for the gold price is set at $2400.00.


Supporting Factors

The EMA50 (Exponential Moving Average) continues to support the anticipated bullish wave. This forecast remains valid as long as the gold price holds above the $2340.10 level.

Expected Trading Range

The anticipated trading range for today lies between the $2345.00 support level and the $2380.00 resistance level.

Trend Forecast

The trend forecast for gold remains bullish.

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