Daily GOLD Forecast – 27.8.2024

GOLD Signals TEAM August 27, 2024 GOLD Forecast

Short-term bearish correction expected, with potential rebound at 2485. If support at 2480 breaks, further decline towards 2435 is possible. However, if prices break above 2545, significant growth towards 2645 is likely. Currently, expect short-term negative movement but longer-term bullish potential.

🟨 Daily GOLD Forecast – 18.10.2024

📈 Forecast: BUY

An additional signal for the growth of XAU/USD is a test of the support line on the RSI. A second indication is a bounce from the lower boundary of the bullish channel. The bullish scenario for Gold prices on 18 October 2024 will be invalidated if prices fall and break below 2645. This would signal a breach of the support zone and further decline towards the 2575 level.

An increase in momentum for XAU/USD can be expected if it breaks through the resistance zone and closes above 2715, suggesting continued upward movement.

We also expect a possible short-term bearish correction, with a test of support near the 2635 level. Following this, growth could resume, targeting levels above 2745. A drop below 2645 would confirm the continuation of the downward trend, with the price potentially falling below 2575.

Posted: October 18, 2024 at 6:47 am

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Daily GOLD Forecast – 27.8.2024

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