Gold Price Forecast: Bullish Momentum Continues as Gold Surges Above $1,900

Gold markets bounced back after finding support near the $1915 region, with the 200-Day EMA and 61.8% Fibonacci level acting as strong support levels. Traders are advised to look for buying opportunities as long as the market stays above the 200-Day EMA. The initial target is set at $1950, followed by the 50-Day EMA and the $2000 level. However, a breakdown below the 200-Day EMA and $1900 level could lead to a move down to $1800. Overall, value hunters are expected to return to the market repeatedly.