Menu Close

GOLD Forecast


🟨 Daily GOLD Forecast – 18.4.2024

In the context of #GOLD, signaling a potential upward movement in quotes could involve testing the support line on the relative strength index (RSI) and experiencing a rebound from the lower boundary of the bullish channel. However, if prices drop below 2285 by April 18, 2024, indicating a breakdown in support, anticipate further declines towards 2240. On the flip side, expect an uptick in the growth of #XAUUSD quotes upon breaching the resistance area and closing prices above 2415.

Anticipate an initial endeavor towards a price correction, with a support test near the 2340 level, followed by sustained growth in non-ferrous metal quotations targeting levels above 2545. Nevertheless, if prices fall below 2285, it would nullify the bullish outlook, signaling a potential decline towards 2240.

Posted: April 18, 2024 at 9:39 am



🟨 Daily GOLD Forecast – 17.4.2024

In the realm of #GOLD (#XAU/USD), a potential catalyst for an upward movement in quotes could emerge from testing the support line on the relative strength index (RSI) and witnessing a rebound from the lower boundary of the bullish channel. However, should prices decline below 2290 by April 17, 2024, signaling a breakdown in support, anticipate further declines towards 2245. Conversely, expect an acceleration in the growth of XAU/USD quotes upon breaking through the resistance area and closing prices above 2405.

Foresee an initial attempt at a price correction, with a support test near the 2330 level, followed by sustained growth in non-ferrous metal quotations targeting levels above 2535. However, if prices fall below 2290, it would negate the bullish outlook, indicating a potential decline towards 2245.

Posted: April 17, 2024 at 6:23 am



🟨 Daily GOLD Forecast – 16.4.2024

In the realm of #XAU/USD, potential indicators pointing towards an uptick in quotes could include testing the support line on the relative strength index (RSI) and experiencing a rebound from the lower boundary of the bullish channel. However, should prices drop below 2270 by April 16, 2024, indicating a breakdown in support, anticipate further declines towards 2235. Conversely, anticipate a surge in the growth of XAU/USD quotes upon breaching the resistance area and closing prices above 2395.

Foresee an initial effort towards a price correction, with a support test near the 2325 level, followed by sustained growth in non-ferrous metal quotations targeting levels above 2525. Nevertheless, if prices fall below 2270, it would nullify the bullish outlook, signaling a potential decline towards 2235.

Posted: April 16, 2024 at 7:14 am



🟨 Weekly GOLD Forecast – (15.4.2024 – 19.4.2024)

In this trading week, potential signals for an upward movement in #GOLD (#XAU/USD) quotations and prices could include a bounce from the support line on the relative strength indicator (RSI) and a rebound from the lower boundary of the bullish channel. However, if prices fall below 2205, signaling a breakdown in support, anticipate further declines towards 2075. Conversely, expect confirmation of an uptrend through a breach of the resistance area and achieving closing quotes above 2405.

Foresee an initial decline and support test around the 2275 area, followed by sustained growth in Gold prices targeting levels above 2645. A validation of this upward momentum would be seen through a test of the trend line on the relative strength index (RSI). However, a drop below 2205 would nullify the bullish outlook, indicating a potential decline towards 2075.

Posted: April 15, 2024 at 7:27 am



🟨 Daily GOLD Forecast – 12.4.2024

#GOLD analysis reveals mixed signals: while oscillators like Awesome Oscillator and MACD Level suggest buying opportunities, indicators like RSI and CCI signal caution. However, moving averages overwhelmingly support a bullish trend, and pivot points confirm potential upward movement. There's a 60% chance of growth, but traders should monitor key support levels closely. No specific gold forecast is available currently.

Posted: April 12, 2024 at 8:14 am



🟨 Daily GOLD Forecast – 10.4.2024

A potential catalyst for an upward movement in #GOLD quotes could emerge from testing the support line on the relative strength index (RSI), coupled with a rebound from the lower border of the bullish channel. However, should prices drop below 2275 by April 10, 2024, indicating a breakdown in support, anticipate further declines towards 2235. Conversely, expect a surge in the growth of XAU/USD quotes upon breaking through the resistance area and achieving closing prices above 2385.

Anticipate an initial effort towards a price correction, with a support test near the 2320 level, followed by sustained growth in non-ferrous metal quotations targeting levels above 2425. Nevertheless, if prices fall below 2275, it would negate the bullish outlook, signaling a potential decline towards 2235.

Posted: April 10, 2024 at 9:17 am



🟨 Daily GOLD Forecast – 9.4.2024 (Update)

Based on technical indicators, #GOLD shows mixed signals. While moving averages and pivot points suggest a bullish trend, oscillators like CCI and Momentum signal caution. The MACD indicates a buying opportunity. The forecast predicts potential support at 2295 and resistance at 2375, with further growth targeting levels above 2465. Traders should remain vigilant, considering potential market fluctuations and the probability of a 60% growth and 40% decline.

Posted: April 9, 2024 at 11:30 am



🟨 Daily GOLD Forecast – 9.4.2024

An additional bullish signal for #GOLD quotes may arise from testing the support line on the relative strength index (RSI) and experiencing a rebound from the lower boundary of the bullish channel. However, if prices fall below 2255 by April 9, 2024, indicating a breakdown in support, anticipate further declines towards 2195. Conversely, expect a surge in the growth of XAU/USD quotes upon breaching the resistance zone and closing prices above 2375.
Foresee an initial attempt at a price correction, testing support around 2295, followed by sustained growth in non-ferrous metal quotations targeting levels above 2465. Nevertheless, if prices drop below 2255, it would nullify the bullish outlook, signaling a potential decline towards 2195.

Posted: at 9:02 am



🟨 Weekly GOLD Forecast – (8.4.2024 – 12.4.2024)

In the upcoming trading week of 8th April - 12th April 2024, #GOLD could witness a potential surge in quotations and prices, driven by a bounce from the support line on the relative strength indicator (RSI) and a rebound from the lower boundary of the bullish channel. However, a drop below the 2085 area would nullify the bullish sentiment, indicating a breakdown in support and further decline in Gold prices towards 2035. On the flip side, confirmation of an upward trend would manifest through a breach of the resistance zone, with quotes closing above 2365.

Anticipate an initial decline and support test near the 2210 area, followed by a sustained rise in Gold prices targeting levels above 2565. A validation of this upward movement would be seen through a test of the trend line on the relative strength index (RSI). Conversely, a drop below 2085 would signal a prolonged downturn, with quotes potentially dipping below 2035.

Posted: April 8, 2024 at 8:57 am



🟨 Daily GOLD Forecast – 5.4.2024 (Update)

The GOLD market shows mixed signals with oscillators leaning bearish while moving averages and pivot points suggest a bullish bias. Without a specific gold forecast, traders should rely on technical indicators. In a scenario of market decline (SELL), traders may sell if key support levels are breached, while in a rising market (BUY), buying opportunities arise with confirmation from resistance breakout and bullish oscillators.

Posted: April 5, 2024 at 12:25 pm