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Daily GOLD Forecast – 11.3.2024

The market has formed an inside bar. The price is moving sideways within the range of the 4-hour candle. Looking at the 1-hour timeframe, it appears to be forming a triangle. I expect the market to remain stable until tomorrow, as there are no significant news expected today.I anticipate the price to rise above the high of the 4-hour candle, potentially creating a false signal, followed by a bearish move from the resistance at 2200. If the price closes near the previous day's low, there is a high probability of a market retreat.