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Daily GOLD Forecast – 5.2.2024

The GOLD market exhibits a bearish bias according to oscillators, moving averages, and pivot points. The majority of indicators signal a sell, indicating a probable decline. While caution is advised, potential short positions could be explored, with entry below current prices and stops above recent highs. The Gold Forecast remains inconclusive, emphasizing the need for careful monitoring in this uncertain market environment. Trading decisions should align with personal risk tolerance and thorough analysis.