15th July 2024 – Gold prices have stabilized above the $2400.00 mark, poised to gather momentum for a potential uptrend towards the next target of $2450.00. Analysts maintain a bullish outlook, bolstered by strong support from the EMA50 indicator.
Maintaining a position above $2392.00 is crucial for sustaining the current bullish trend. A breach below this level could prompt a retest of the key support at $2340.10 before any renewed attempts at upward movement.
Today’s anticipated trading range spans between support at $2395.00 and resistance at $2435.00, highlighting key levels to watch amid evolving market conditions.