Daily GOLD Forecast – 12.5.2022

GOLD Signals TEAM May 12, 2022 GOLD Forecast

Suggests an attempt to test the resistance area near the level of 1860. Further, the quotes continue to fall with a target below the level of 1805. 1885. This will indicate a breakdown of the Gold resistance area. In this case, we should expect the continuation of the rise in the price of Gold with a potential target above the level of 1945.

🟨 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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Daily GOLD Forecast – 12.5.2022

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