Gold Price Continues The Rise - Today's Forecast - 14 March 2024

Yesterday, gold price showed clear positive movements, reaching the level of 2180.00. This strengthens the anticipation of the ongoing bullish trend, with the initial target set at 2200.00. It's worth noting that surpassing this level would likely extend the bullish momentum towards the 2265.00 areas.

It's crucial to emphasize the significance of breaking through the levels of 2180.00 – 2185.00 to solidify the optimistic outlook. Failure to breach these levels may prompt a reversal towards a decline, potentially leading to a test of the key support level at 2145.35 before any further attempts at an upward movement.

Expected Trend

Today's expected trading range spans from the support level at 2160.00 to the resistance level at 2195.00.

The expected trend for today is bullish.