Gold Price Forecast Update – September 20, 2024

by Jennifer

Gold prices have rallied, successfully breaching the target of $2,600.00, which confirms the continuation of the bullish trend in the upcoming sessions. The next target is set at $2,634.50, indicating potential for further gains on both intraday and short-term bases.

The bullish trend is expected to remain dominant today, with the price needing to stay above $2,590.00 to ensure continued upward momentum and avoid a downturn.

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The anticipated trading range for today is between support at $2,580.00 and resistance at $2,615.00.

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Trend Forecast: Bullish

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