Gold price forecast update - 19 March 2024

Gold price faces new negative pressure to test the key support 2145.35, as it is affected by stochastic negativity, while we still neutral until we get clearer signal for the next trend, through breaking the mentioned support or breaching 2166.75 resistance.

Expected Trend

Today's expected trading range spans from the support level at 2140.00 to the resistance level at 2180.00.

The expected trend for today is Neutral.