Daily GOLD Forecast – 24.5.2022

GOLD Signals TEAM May 24, 2022 GOLD Forecast

Suggests an attempt to test the resistance area near the level of 1865. Further, the quotes continue to fall with the target below the level of 1755. 1905. 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 1965.

🟨 Daily GOLD Forecast – 20.12.2024

A decline in XAU/USD quotes is anticipated, supported by two key signals: a test of the resistance line on the RSI indicator and a rebound from the resistance zone on the price chart. A temporary bullish correction may push prices towards the resistance near 2615, but a continuation of the decline is expected if the support area at 2575 is breached, with prices potentially falling below 2545.

The bearish outlook remains valid unless a breakout above 2645 occurs, which would signal a reversal and likely continuation of growth towards 2705 or higher. Key movements are expected around December 20, 2024, and any strong price surge invalidating these levels should be closely monitored.

Posted: December 19, 2024 at 9:57 pm

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Daily GOLD Forecast – 24.5.2022

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