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Daily GOLD Forecast – 28.2.2024 (Update)

Based on technical indicators, XAU/USD shows mixed signals. While oscillators are neutral to bullish, moving averages indicate a buy bias, except for the Hull Moving Average, which suggests a sell. Pivot points lean towards a neutral to bearish sentiment. The gold forecast anticipates a corrective phase followed by a potential decline, although a breach above 2065 could signal further upside. Traders should exercise caution and monitor key levels closely.