Daily GOLD Forecast – 19.5.2022

GOLD Signals TEAM May 19, 2022 GOLD Forecast

Suggests an attempt to test the resistance area near the level of 1840. Further, the quotes continue to fall with a target below the level of 1745. 1875. This will indicate a breakdown of the Gold resistance area. In this case, we should expect a continuation of the rise in the price of Gold with a potential target above the level of 1925.

🟨 Daily GOLD Forecast – 26.4.2024 (Signal 2)

When considering #GOLD, a potential downturn in quotes could manifest through a variety of signals. Firstly, a significant indication might be the testing of the resistance line on the relative strength index (RSI), coupled with a breakout from the upper border of the bearish channel. If, by April 26, 2024, prices surge beyond 2380, signaling a breakdown in resistance, it could lead to continued growth towards 2425. Conversely, expect an acceleration in the decline of XAU/USD quotes if the support area is breached, resulting in closing prices below 2280.

An initial step in this potential scenario might involve a price correction, with an attempt to test the resistance area around 2335. This could be followed by a sustained fall in non-ferrous metal quotations, potentially targeting levels below 2210. However, a notable surge in prices, surpassing 2380, would signify a cancellation of the option to reduce prices for Gold, indicating a potential continued rise towards 2425.

Posted: April 26, 2024 at 8:36 am

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Daily GOLD Forecast – 19.5.2022

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