Daily GOLD Forecast – 29.4.2024

GOLD Signals TEAM April 29, 2024 GOLD Forecast

Technical analysis of XAU/USD on the 1H chart indicates a bearish trend, supported by sell signals from oscillators and moving averages. However, pivot points suggest a buy sentiment, adding uncertainty. The gold forecast is neutral, reflecting market indecision. Traders should cautiously monitor key support and resistance levels for potential trading opportunities.

🟨 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 – 29.4.2024

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