Category: Forex News

Gold – Something New Something Old

By Published On: March 25, 20241.3 min readViews: 1190 Comments on Gold – Something New Something Old

From this closer point of view, we see that the Stochastic Oscillator slipped to its lowest level since Mar.18 (just like the CCI), which suggests that we could see a similar rebound in the coming day(s). If this is the case, and the bulls use the above-mentioned technical developments to their advantage, we could see even a re-test of the barrier of $2,200 once again.

Summing up, although gold bulls failed to hold the price above the barrier of $2,200, the lower volume that accompanied Friday’s session, today’s green supportive gap, and the current situation in the USD Index suggest that another upswing may be just around the corner.

Thank you for reading today’s gold price forecast. The full version of my analysis includes trading details, and my premium subscribers are updated regarding the trading details on a daily basis – and as you know, in the case of gold, a lot can change in one day. The regular price of my premium Quick Gold Alerts is just $49/mo. and there’s also a free, 7-day trial, so that you can conveniently check the benefits that my premium subscribers get. I encourage you to subscribe to my Quick Gold Alerts with a free weekly trial today.

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See you tomorrow.

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