Daily GOLD Forecast – 7.2.2024

GOLD Signals TEAM February 7, 2024 GOLD Forecast

Look for RSI support line test and bullish channel rebound signaling potential growth. A drop below 1995 on February 6, 2024, indicates support breakdown, potentially pushing prices under 1955. Anticipate growth acceleration if resistance at 2065 is surpassed, aiming for levels above 2095. A fall below 1995 suggests continued decline, targeting below 1955.

🟨 Daily GOLD Forecast – 14.11.2024

A bearish outlook for XAU/USD is indicated by a potential test of the RSI resistance line and a rebound from the broken bullish channel's lower boundary. A decisive break below the 2575 support level could accelerate the downward trend, targeting 2545.

A bullish correction may occur, leading to a test of the 2630 resistance level. However, a strong price increase above 2665 would invalidate the bearish scenario, potentially driving XAU/USD above 2725.

Posted: November 14, 2024 at 9:20 am

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Daily GOLD Forecast – 7.2.2024

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