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Daily GOLD Forecast – 29.2.2024 (Update)

XAU/USD exhibits mixed signals on the 1-hour chart. While oscillators show neutrality with some sell signals, moving averages lean towards selling, and pivot points suggest a neutral to bearish sentiment. The gold forecast hints at a potential decline, with a 60% probability of a price decrease. Traders should exercise caution, waiting for confirmation before taking positions amidst the conflicting indicators.

 

READ: Detailed Technical GOLD Analysis – 29.2.2024 (Update)