Gold Price Forecast Update - 14 March 2024

The price of gold is currently experiencing minor declines, influenced by stochastic negativity. However, it is anticipated to regain positive momentum, aiding in a resumption of the expected upward movement for today, with the initial target set at 2200.00.

The EMA50 continues to provide support for the suggested bullish trend. This trend remains intact unless the price breaks below 2145.35 and holds below it. Should this level be breached, the price is likely to initiate a bearish correction, with the first target set at 2114.55.

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.