Gold price awaits more rise – Forecast today - 12-03-2024

Economies.com
2024-03-12 03:22AM UTC

Gold price continues to move within tight range, fluctuating around 2180.00 level, waiting to get positive motive that assist to push the price to rise again and achieve the positive targets that start at 2200.00 and extend to 2260.00.

 

The EMA50 continues to support the suggested bullish wave, reminding you that breaking 2144.60 will stop the positive scenario and push the price to start bearish correction on the intraday basis.

 

The expected trading range for today is between 2165.00 support and 2200.00 resistance.

 

Trend forecast: Bullish

 

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