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Daily GOLD Forecast – 23.7.2024 (Update)

The current price of gold is 2405.42. Oscillators indicate mixed sentiment with a slight bullish bias: 2 buy, 1 sell, and 8 neutral. Moving averages show a strong bullish trend: 11 buy, 3 sell, and 1 neutral. Pivot points suggest an overall bullish sentiment as the current price is above most pivot levels.
A test of the RSI support line and a breakout from the lower bullish channel boundary will signal growth. If prices fall below 2325, this bullish scenario is invalidated. Expect an acceleration if prices close above 2435. Overall, the sentiment for XAU/USD is bullish.