Gold price forecast update 09-05-2024
Economies.com
2024-05-09 09:34AM UTC
Gold Price Analysis
Expected Scenario
- The tight range keeps dominating gold price trades, which hovers around the EMA50.
- The bearish trend will remain valid as it is without any change for today, depending on the price stability below 2325.90$.
- Reminding you that our main waited target is located at 2260.60$.
Expected Trading Range
Between 2290.00$ support and 2325.00$ resistance.
Trend Forecast: Bearish
Read more: Will Gold price reach 3000$ areas?
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