Gold price forecast update 14 May 2024

The gold price has shown weak trading since this morning, yet the anticipated bullish trend for today remains unchanged. This upward trend is supported by positive signals from technical indicators, aiming to reach the 2400.00$ level followed by 2431.44$ as the next key targets.

However, if the price breaks below 2325.90$, the expected rise will be halted, leading to further bearish correction on an intraday basis, with the next target being the 2260.60$ area.

Expected Trend

Today's expected trading range spans from the support level at 2325.00 to the resistance level at 2365.00.

The expected trend for today is bullish.