Anticipated Upward Surge in Gold Price – April 9, 2024

Gold prices are once again on the rise, signaling a potential return to the primary bullish trajectory. Trading within a bullish channel enhances prospects for additional gains in both the short and medium terms. Our target is set at $2364.00 for the next move.

The EMA50 continues to bolster the anticipated bullish momentum. However, breaching the $2320.00 support level could temporarily dampen prices, with an initial downside target of $2273.00 before any renewed upward push.

Expected Trend

Today's expected trading range spans from the support level at 2325.00 to the resistance level at 2360.00.

The expected trend for today is bullish.