21 Jun 2024
Gold price is recovering – Forecast today - 21-06-2024
Gold Price Analysis
Expected Scenario
Gold price traded with clear positivity yesterday to breach 2340.10$ and settle above it, stopping the correctional bearish scenario and aiming to resume the main bullish trend. The target is to achieve gains starting by testing 2385.00$ and extending to reach the historical high at 2450.00$.
We expect to witness more rise on the intraday and short-term basis, noting that breaking 2340.10$ will push the price to decline and target the next correctional level at 2272.06$.
Expected Trading Range
Between 2345.00$ support and 2385.00$ resistance.
Trend Forecast: Bullish
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