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Gold Price Attempts Recovery – Forecast for July 10, 2024

by Jennifer

The price of gold has found support at the EMA50 and is beginning to rebound, suggesting a continuation of the anticipated bullish trend in both the intraday and short-term outlooks. The primary target for this bullish movement is set at $2,400.00.

A breach of the $2,380.00 mark will facilitate achieving this target. Conversely, a drop below $2,340.10 will halt the bullish momentum, potentially reversing the trend and leading to a bearish correction with a target of $2,272.06.

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Today’s expected trading range is between the support level of $2,350.00 and the resistance level of $2,390.00.

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Trend forecast: Bullish

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