Gold Prices Show Signs of Recovery – Forecast for September 4, 2024

by Jennifer

Gold prices have found robust support at $2,483.40, holding steady without breaking this level. The metal now aims to regain its bullish momentum, requiring a突破 of the $2,500.00 mark to strengthen the likelihood of a sustained upward trend. A successful move above this barrier could lead to initial gains, potentially targeting the $2,540.00 level.

For today, a bullish trend is anticipated. However, if gold falls below the $2,483.40 support, the forecasted rise may be halted, with the possibility of further declines toward the $2,445.75 region.

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The expected trading range for today is $2,480.00 as support and $2,515.00 as resistance.

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Trend Forecast: Bullish

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