Gold price forecast update 08-05-2024
Economies.com
2024-05-08 09:36AM UTC
Gold Price Analysis
Expected Scenario
- Gold price fluctuates with slight negativity now in attempt to resume the expected bearish trend for today.
- Keeping the bearish trend valid without any change for today, depending on the price stability below 2325.90$.
- Supported by the EMA50, reminding you that our main waited target is located at 2260.60$.
Expected Trading Range
Between 2290.00$ support and 2330.00$ resistance.
Trend Forecast: Bearish
Read more: Will Gold price reach 3000$ areas?
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