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Gold Price Forecast Update - 8 March 2024


The gold price fluctuates with a slight positive trend, aiming to resume the anticipated bullish momentum for today. Currently, it has reached the 2165.00 level, and we recommend surpassing this level to open the way towards our next target at 2200.00.


The EMA50 continues to provide support for the envisioned bullish trend, which will remain valid unless it breaks below 2144.60 and holds below with a daily close.



Expected Trend

Today's expected trading range spans from the support level at 2140.00 to the resistance level at 2175.00.

 

The expected trend for today is bullish.

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