Daly GOLD Forecast – 8.6.2022

GOLD Signals TEAM June 7, 2022 GOLD Forecast

Suggests an attempt to test the resistance area near the level of 1880. Further, the quotes continue to fall with the target below the level of 1745. 1915. This will indicate a breakdown of the resistance area for Gold. In this case, we should expect a continuation of the rise in the price of Gold with a potential target above the level of 1965.

🟨 Daily GOLD Forecast – 26.4.2024 (Signal 2)

When considering #GOLD, a potential downturn in quotes could manifest through a variety of signals. Firstly, a significant indication might be the testing of the resistance line on the relative strength index (RSI), coupled with a breakout from the upper border of the bearish channel. If, by April 26, 2024, prices surge beyond 2380, signaling a breakdown in resistance, it could lead to continued growth towards 2425. Conversely, expect an acceleration in the decline of XAU/USD quotes if the support area is breached, resulting in closing prices below 2280.

An initial step in this potential scenario might involve a price correction, with an attempt to test the resistance area around 2335. This could be followed by a sustained fall in non-ferrous metal quotations, potentially targeting levels below 2210. However, a notable surge in prices, surpassing 2380, would signify a cancellation of the option to reduce prices for Gold, indicating a potential continued rise towards 2425.

Posted: April 26, 2024 at 8:36 am

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Daly GOLD Forecast – 8.6.2022

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