GOLD: Support at 1800, Upside Potential toward 2500 by Dec 2024
The future outlook for gold appears optimistic, with indications pointing towards a potential breakthrough past the previous peak of 2075 within the next six months. The price has shown stability, finding support levels between 1800 and 1900. Recent market patterns observed between 2020 and 2023 suggest the possibility of a rise in value. There's a projected movement towards the range of 2500 to 2600 by the end of December 2024.
As long as the price remains above 1800, it suggests a more favorable trend, leaning towards a positive market sentiment.
As long as the price remains above 1800, it suggests a more favorable trend, leaning towards a positive market sentiment.