Gold price forecast update - 21 March 2024

Currently, the gold price is trading bearishly, testing the critical support level of $2195.00, signaling caution for upcoming trading. To maintain the bullish trend, the price must consolidate above this level, with the next target set at $2235.00.

Conversely, if the decline persists and breaks below $2195.00, it will intensify negative pressure, initiating a bearish correction with an initial target of $2166.30 before any potential upward movement resumes.

Expected Trend

Today's expected trading range spans from the support level at 2190.00 to the resistance level at 2230.00.

The expected trend for today is bullish.