Skip to content Skip to footer

Gold price breaches the resistance – Forecast today – 28-05-2024

Gold Price Analysis: Expected Scenario

The gold price traded positively in the previous sessions, breaching the 2340.10$ level and closing the daily candlestick above it, indicating a halt to the bearish correction and a potential return to the main bullish trend.

The price is expected to target gains starting at 2410.00$ followed by 2450.00$ levels.

Breaching 2365.65$ will facilitate achieving the suggested targets. However, current stochastic negativity may slow down the expected bullish wave. Breaking 2340.10$ will halt the bullish trend and push the price to decline again.

Expected Trading Range

Between 2340.00$ support and 2375.00$ resistance.