GOLD Forecast

Suggests an attempt to develop a decline and test the support level near the area of 1970. Then, the continued growth in Gold prices with a target above the level of 2185. 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 1900. This will indicate a continued decline in quotes to the area below the level of 1855.

Suggests a demand for the development of a price correction and a test of the support area near the level of 2005. Further, the continuation of the growth of the non-ferrous metal quotations with the goal of higher than the level of 2065. The cancellation of the option of an increase in the price of Gold will result in a fall in the value of the asset in the markets and a breakdown of the level of 1990. This will indicate a continuation of the fall in the price of gold with a potential goal below the level of 1965.

Suggests an attempt to develop a decline and test the support level near the 1985 area. Then, the continued growth in Gold prices with a target above the level of 2185. 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 1910. This will indicate a continued decline in quotes to the area below the level of 1845.

Suggests an attempt to develop a price correction and a test of the support area near the level of 2025. Further, the continued growth of non-ferrous metal quotes with a target above the level of 2105. on the markets and a breakdown of the level of 2000. This will indicate a continued fall in the price of Gold with a potential target below the level of 1965.

Suggests an attempt to develop a decline and test the support level near the 1930 area. Then, the continued growth in Gold prices with a target above the level of 2255. 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 1815.

Suggests an attempt to develop a price correction and a test of the support area near the level of 1975. Further, the continued growth of non-ferrous metal quotes with a target above the level of 2095. on the markets and a breakdown of the level of 1930. This will indicate a continued fall in the price of Gold with a potential target below the level of 1875.

Suggests an attempt to develop a fall and test the support level near the 1930 area. Then, the continued 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 1835. This will indicate a continued decline in quotes to the area below the level of 1775.

Suggests an attempt to develop a price correction and a test of the support area near the level of 1945. Further, the continued growth of non-ferrous metal quotes with a target above the level of 2075. on the markets and a breakdown of the level of 1910. This will indicate a continued fall in the price of Gold with a potential target below the level of 1865.

Suggests an attempt to develop a price correction and a test of the support area near the level of 1955. Further, the continued growth of non-ferrous metal quotes with a target above the level of 2080. on the markets and a breakdown of the level of 1915. This will indicate a continued fall in the price of Gold with a potential target below the level of 1865.

An additional signal in favor of the rise in quotes and prices for Gold in the current trading week 20th - 24th March 2023 will be a test of the support line on the relative strength index (RSI). The second signal will be a rebound from the lower border of the bullish channel. Cancellation of the growth option for XAU/USD quotes will be a fall in prices and a breakdown of the 1765 area. This will indicate a breakdown of the support level and a continued fall in Gold prices with a target below the level of 1675. Confirmation of the growth in the value of the asset will be a breakdown of the resistance area and closing of quotes above the level of 2010, which will indicate the breakdown of the upper border of the downward correction channel.

Suggests an attempt to develop a fall and test the support level near the area in 1865. Then, the continued growth in Gold prices with a target above the level of 2155. 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 1765. This will indicate a continued decline in quotes to the area below the level of 1675.