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yeesin6

Gold price forecast update 16-05-2024


Gold prices have been fluctuating within a narrow range since this morning, maintaining the anticipated bullish trend for today. This outlook relies on the price staying above $2325.90, with support from the EMA50. We continue to aim for the next main targets of $2400.00 and $2431.44.

Expected Trend

Today's expected trading range spans from the support level at 2370.00 to the resistance level at 2410.00.

 

The expected trend for today is bullish.

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