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Daily GOLD Forecast – 23.7.2024

An additional signal indicating growth in #XAUUSD quotes will be a test of the support line on the relative strength index (RSI). Another signal will be a breakout from the lower boundary of the bullish channel. The bullish scenario for Gold prices on 23 July 2024 will be invalidated by a fall in prices and a breakdown below 2325. This would indicate a breach of the support area and a continued decline in asset quotes to levels below 2285. Expect an acceleration in the growth of #XAUUSD quotes with a breakout of the resistance area and closing prices above 2435.