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GOLD Daily Forecast – 4.5.2023

Suggests an attempt to develop a decline and test the support level near the area of 1935. Then, the continuation of the growth in Gold prices with a target above the level of 2175. A test of the trend line on the relative strength index (RSI) will come out in favor of the rise in quotes. Cancellation of the growth option for GOLD will be a fall and a breakdown of the level of 1875. This will indicate a continued decline in quotes to the area below the level of 1825.