Gold Price Forecast Update – 20th November 2024

by Jennifer

Gold prices are currently testing the bullish trend line, reinforcing the need to maintain support above $2615.00 to sustain the bullish trend scenario. A positive momentum is anticipated to push the price toward the next main targets at $2655.00 and $2710.00.

However, a break below the $2615.00 level could trigger an intraday bearish correction.

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Expected Trading Range:

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Support: $2625.00

Resistance: $2660.00

Trend Forecast: Bullish

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