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Gold Price Forecast Update 13 March 2024


The gold price has exhibited sluggish trading since the morning, with stochastic indicators persisting in offering positive signals. These indicators anticipate aiding in the resurgence of today's anticipated bullish trend. The presence of EMA50 further reinforces this outlook. It's crucial to note our target remains at 2200.00.


Maintaining levels above 2144.60 is imperative to sustain the upward momentum and prevent a shift towards decline, initiating a potential intraday bearish correction.


Expected Trend

Today's expected trading range spans from the support level at 2145.00 to the resistance level at 2180.00.

 

The expected trend for today is bullish.

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