Gold price hits the second target – Forecast today
Gold Price Analysis
Expected Scenario
- Gold price resumed its bullish rally, successfully achieving our second awaited target at 2431.44$ and recording new historical levels.
- Attempting to confirm the breach of this level, it paves the way for additional gains and new positive targets, expected to reach the 2500.00$ barrier as the next main station.
- We continue to suggest a bullish trend for the upcoming period, with a note that failing to consolidate above 2431.44$ may lead to a new bearish correction on the intraday basis.
Expected Trading Range
Between 2420.00$ support and 2460.00$ resistance.
Trend Forecast: Bullish
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