Gold Price AnalysisToday March 1, 2024

Gold Price Today March 1, 2024

Gold Price Analysis Today March 1, 2024

Gold prices today, March 1, 2024, are moving near a strong demand zone in the four-hour timeframe, reaching a level of $2030 per ounce. 

1. Gold Price Today
2. Gold price forecast today 1 March 2024 4H Time frame
3. Gold price forecast today 1 March 2024 1H Time frame
4. Entry Trade Today on Gold

1.Gold Price Today

Gold prices today recorded their highest level at $2040 and experienced a slight downward correction, heading towards breaking another bottom near the level of $2020.

2.Gold price forecast today 1 March 2024 4H Time frame

In the four-hour timeframe, gold prices are attempting to decline to visit the level of 2020, as shown in the chart below, with liquidity being captured from the 2026 bottom. 

Hence, all technical indicators support a correction in gold prices towards the 2020 area before resuming the uptrend. 

Gold price forecast today 1 March 2024 4H Time frame

3.Gold price forecast today 1 March 2024 1H Time frame

In the hourly timeframe, gold prices failed to break the latest price peak at 2042, thus it is expected that gold prices will continue to correct until breaking the latest bottom at the level of 2026 before rising again, as illustrated in the video below

Visit the last Gold price forecast on click here

Gold price forecast today 1 March 2024 1H Time frame

4.Entry Trade Today on Gold

Buy limit : 2020

Stop loss : 2014

Take Profit: 2043

Risk to reward : 1-4

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