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Gold Price Forecast Update – 09-07-2024

by Jennifer

Gold Price Analysis

Expected Scenario

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Gold price has shown weak trading since the morning, despite stochastic indicators continuing to provide positive signals. Market watchers anticipate these signals to encourage the price to resume its expected bullish trend for today. It’s noteworthy that the next significant target stands at $2400.00. To sustain the suggested rise, it is crucial for gold to maintain levels above $2340.10.

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Expected Trading Range

  • Support: $2350.00
  • Resistance: $2385.00

Trend Forecast: Bullish

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