Gold Price Forecast and Analysis Today: There is no change in our technical view of the performance of the gold price, a ...

Gold Price Forecast and Analysis Today:
There is no change in our technical view of the performance of the gold price, as the general trend is strongly upward. Technically, its gains by exceeding the historical resistance of $2500 per ounce are important to confirm the strength of bulls’ control over the trend. At the same time, technical indicators are moving towards strong buying saturation levels. According to the free trading recommendations page, we indicated the possibility of selling gold from the resistance of $2535 per ounce. Furthermore, its gains stopped at $2531 per ounce before quickly falling back to the level of $2500 per ounce, which confirms the strength of the recommendation. The gold price is stable around $2515 per ounce at the time of writing the analysis, pending strong indications about the future of interest rates next month.