Daily GOLD Forecast – 8.4.2022

GOLD Signals TEAM April 8, 2022 GOLD Forecast

Suggests an attempt to test the support area near the level of 1920. Further, the continuation of the growth of quotations with the target above the level of 1970. This will indicate a breakdown of the area of decline in Gold. In this case, we should expect a continuation of the fall in the price of Gold with a potential target below the level of 1865.

🟨 Daily GOLD Forecast – 26.7.2024

An additional signal favoring a decrease in #XAUUSD quotes will be a test of the resistance line on the relative strength index (RSI). Another signal will be a breakout from the upper border of the bearish channel. The option to reduce Gold prices will be invalidated on 26 July 2024 if there is a strong rise in prices and a breakdown of the level of 2405. This would indicate a breakdown of the resistance area and a continued rise in asset quotes to above 2445. An acceleration in the fall of #XAUUSD quotes is expected with a breakdown of the support area and price closing below 2355.
The forecast and analysis for 26 July 2024 assume an attempt to develop a price correction and test the resistance area near 2375. Following this, a continued fall in quotations of the non-ferrous metal with a target below 2285 is expected. However, a strong increase in the asset's market value and a breakdown of the level of 2405 will cancel the option to reduce prices for Gold, indicating a continued rise in Gold prices with a potential target above 2445.

Posted: July 26, 2024 at 10:25 am

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Daily GOLD Forecast – 8.4.2022

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