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Daily GOLD Forecast – 20.2.2024 (Update)

GOLD's 1-hour chart presents a mixed outlook. While pivot points indicate a buying bias, oscillators and some moving averages signal potential selling pressure. Conflicting signals from indicators like the Commodity Channel Index and MACD Level make market direction uncertain. Traders should exercise caution, considering both bullish and bearish scenarios. Pivot points suggest a buying bias, but risk management is crucial amidst volatility.