Daily GOLD Forecast – 5.4.2024

GOLD Signals TEAM April 5, 2024 GOLD Forecast

#GOLD market shows conflicting signals: oscillators indicate bearish sentiment, while moving averages and pivot points suggest a bullish bias. Traders should remain cautious, using a balanced approach to interpret signals. With a 40% probability of decline and 60% probability of rise, adapting strategies to market conditions is crucial.

🟨 Daily GOLD Forecast – 20.12.2024

A decline in XAU/USD quotes is anticipated, supported by two key signals: a test of the resistance line on the RSI indicator and a rebound from the resistance zone on the price chart. A temporary bullish correction may push prices towards the resistance near 2615, but a continuation of the decline is expected if the support area at 2575 is breached, with prices potentially falling below 2545.

The bearish outlook remains valid unless a breakout above 2645 occurs, which would signal a reversal and likely continuation of growth towards 2705 or higher. Key movements are expected around December 20, 2024, and any strong price surge invalidating these levels should be closely monitored.

Posted: December 19, 2024 at 9:57 pm

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Daily GOLD Forecast – 5.4.2024

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