Daily GOLD Comment – 7.6.2022

GOLD Signals TEAM June 7, 2022 GOLD Forecast

Suggests an attempt to test the resistance area near the level of 1890. Further, the quotes continue to fall with a target below the level of 1745. 1910. This will indicate a breakdown of the resistance area for Gold. In this case, we should expect a continuation of the rise in the price of Gold with a potential target above the level of 1965.

🟨 Daily GOLD Forecast – 23.4.2024

In the context of #GOLD, indications pointing towards a potential downturn in quotes could arise from a test of the resistance line on the relative strength index (RSI), notably breached by sellers, along with a breakout from the lower border of the bullish channel. However, if prices surge beyond 2415 by April 23, 2024, signaling a breakdown in resistance, anticipate further growth towards 2485. Conversely, expect an acceleration in the decline of #GOLD quotes upon breaking through the support area and achieving closing prices below 2305, indicating a breach of the lower boundary of the bullish channel.
Anticipate an initial attempt at a price correction, testing the resistance area near 2375, followed by sustained declines in non-ferrous metal quotations targeting levels below 2245. Nevertheless, if prices break above 2415, it would nullify the bearish outlook, signaling a potential rise towards 2485.

Posted: April 23, 2024 at 10:21 am

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Daily GOLD Comment – 7.6.2022

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