Daily GOLD Forecast – 26.1.2024

GOLD Signals TEAM January 26, 2024 GOLD Forecast

The #GOLD 1-hour chart displays mixed signals, making it challenging to determine a clear trend. Oscillators show conflicting buy and sell indications, moving averages present uncertainty, and pivot points lack direction. Without a specific gold forecast, caution is advised. Traders should monitor key levels for potential breakout or breakdown scenarios.

🟨 Daily GOLD Forecast – 4.12.2024

XAUUSD is poised for a potential decline. A test of the resistance line on the RSI indicator and a rebound from the upper border of the "Head and Shoulders" reversal pattern could trigger this movement.

A decisive break below the 2605 support level would confirm the bearish scenario and open the way for a further price drop towards the pattern's target levels.

However, a strong price surge above 2715 would invalidate the bearish outlook and signal a potential rally towards the 2765 resistance level.

In the short term, a bullish correction towards 2655 is possible, followed by a resumption of the downward trend.

Posted: December 4, 2024 at 7:20 am

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Daily GOLD Forecast – 26.1.2024

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