Menu Close

Daily GOLD Forecast – 19.6.2024

The XAU/USD market currently exhibits a bullish sentiment, with the price trading at 2330.41. Oscillators are predominantly neutral, with one buy and one sell signal, indicating indecision among traders. Moving averages show strong bullish signals, with fourteen out of fifteen indicating buy. Pivot points also suggest a bullish trend, with the price above key pivot levels. If the price breaks above the resistance at 2375, we can expect continued growth toward 2415. However, a break below the support level at 2280 could signal a decline toward 2235. Overall, the probability of market growth is higher, with a 70% chance of price increase versus a 30% chance of decline.