GOLD Signal – 17.5.2021

GOLD Signals TEAM May 17, 2021 Past Signals 0 Comments

SELL at 1848.00

T/P 1: 1843.00
T/P 2: 1838.00
T/P 3: 1833.00

S/L: 1858.00

#XAUUSD hit S/L Price with -1.000 PIPs Loss

🟨 Daily GOLD Forecast – 23.4.2024

In the context of #GOLD, indications pointing towards a potential downturn in quotes could arise from a test of the resistance line on the relative strength index (RSI), notably breached by sellers, along with a breakout from the lower border of the bullish channel. However, if prices surge beyond 2415 by April 23, 2024, signaling a breakdown in resistance, anticipate further growth towards 2485. Conversely, expect an acceleration in the decline of #GOLD quotes upon breaking through the support area and achieving closing prices below 2305, indicating a breach of the lower boundary of the bullish channel.
Anticipate an initial attempt at a price correction, testing the resistance area near 2375, followed by sustained declines in non-ferrous metal quotations targeting levels below 2245. Nevertheless, if prices break above 2415, it would nullify the bearish outlook, signaling a potential rise towards 2485.

Posted: April 23, 2024 at 10:21 am

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GOLD Signal – 17.5.2021

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