Gold Price Forecast: Gold has been holding above $2,000 in the recent days, which is showing bullish momentum. A close above the $2,078 resistance area will allow gold to move higher towards $2,140 and $2,180, according to GoldSilverReports.com.
$1,930 should act as an important support for Gold in the near term
“Gold is expected to correct slowly above $2,033 towards $2,140 — $2,180. This is a major resistance area. If gold establishes itself above this hurdle, it could mean the start of a bigger uptrend towards the next targets of $2,140 and $2,180.
“The lower end of the recent consolidation at $1,930 should act as an important support in the near term.”
