Gold forecast Today 1 march 2024
Gold prices have witnessed a clear recovery in the past few days, with the upward trend continuing until reaching the level of $2040 before resuming the descent.
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| Weekly Gold forecast 1 march 2024 |
- Gold price Today
- Weekly Gold forecast 1 March 2024
- Gold forecast 1 March 2024 4H Time frame
- Entry Trade on Gold
1.Gold price Today
Gold prices today reached the highest daily price at $2044 and the lowest price at $2034 per ounce, with expectations that gold prices will reach $2055 by the end of the week.
2.Weekly Gold forecast 1 March 2024
The strong upward movement experienced by gold prices in the past days since last February was due to a strong breakout from the weekly demand zone at the level of $1985. Therefore, technically, I anticipate the continuation of the recovery wave in gold prices against the US dollar, at least towards the level of $2055 at the beginning of March 2024.
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| Weekly Gold forecast 1 March 2024 |
3.Gold forecast 1 March 2024 4H Time frame
In the four-hour timeframe, we currently have a strong buying opportunity in gold, provided that the last bottom in the hourly timeframe is broken at the level of $2020. Once this condition is met, entering a buying position in gold is possible, as illustrated in the chart below.
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| Gold forecast 1 March 2024 4H Time frame |
4.Entry Trade on Gold
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