GOLD Signal – 5.2.2020

GOLD Signals TEAM February 5, 2020 Past Signals 0 Comments

BUY at 1559.00

T/P 1: 1563.50
T/P 2: 1565.50
T/P 3: 1569.00

S/L: 1554.30

#XAUUSD hit S/L with -470 PIPs Loss

🟨 Daily GOLD Forecast – 19.4.2024

In the domain of #GOLD (#XAU/USD), signaling a potential uptrend in quotes could involve testing the support line on the relative strength index (RSI) and observing a rebound from the lower border of the Triangle pattern. However, if prices decline below 2295 by April 19, 2024, indicating a breakdown in support, anticipate further declines towards 2245. Conversely, expect an uptick in the growth of XAU/USD quotes upon breaking through the resistance area and achieving closing prices above 2415, signaling a breach of the upper boundary of the Triangle pattern.

Foresee an initial effort towards a price correction, with a support test near the 2350 level, followed by sustained growth in non-ferrous metal quotations targeting levels above 2505. However, if prices fall below 2295, it would nullify the bullish outlook, indicating a potential decline towards 2245.

Posted: April 19, 2024 at 9:05 am

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GOLD Signal – 5.2.2020

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