Daily GOLD Forecast – 18.1.2024 (Update)

GOLD Signals TEAM January 18, 2024 GOLD Forecast

Technical analysis for XAU/USD on the 1-hour chart at 11:22 AM, priced at $2012.37, indicates a predominant bearish trend. Oscillators and moving averages support selling, while pivot points suggest potential further declines. With no gold forecast data, caution is advised, emphasizing monitoring key levels. Probability of decline: 70%, upside: 30%.

🟨 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 – 18.1.2024 (Update)

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