Gold price records new historical highs

Economy

13-09-2024, 14:15

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INA- SOURCES

Gold price shows more rise to reach 2565.00$ areas now, reinforcing the expectations of continuing the bullish trend on the short-term and medium term basis, and we believe that the way is open to achieve our next main target at 2600.00$, supported by the EMA50 that carries the price from below.

Stochastic current negativity might cause some temporary sideways fluctuation before resuming the expected bullish wave, noting that breaking 2548.50$ might put the price under temporary correctional bearish pressure before turning back to rise again.

The expected trading range for today is between 2550.00$ support and 2585.00$ resistance.

SOURCE: economies.com