Gold price forecast for today march 2024
Gold achieves the official goals and eyes on employment numbers 5-3-20214
Gold prices incurred heavy losses during the previous trading session, within the expected downward trend during the previous analysis, touching the required official target 1688.
On the technical side today, and with a closer look at the 4-hour interval chart, we find the price now hovering around pivotal support levels of 1690, Fibonacci retracement of 61.80%, and we notice that the simple moving averages continue to pressure the price from the top.
Gold price forecast for today march 2024
Although we tend to be negative, we prefer to confirm a break of 1685, because breaking it forces gold to resume the current downside wave to be the next leg of 1670/1665.
Gold price forecast
In the event that gold is able to build on the support floor of 1685 and stabilize again above 1710 and more importantly 1715, this postpones the chances of a decline but does not eliminate them, and we may witness a slight upward tendency whose target is located around 1738.
Gold price forecast for today 2024
Warning: Today we are awaiting the US employment data and may witness heavy price fluctuation.
look to sell gold price for next wek but for short term buy gold price in march
Post a Comment