GOLD Signal – 29.10.2021

GOLD Signals TEAM October 29, 2021 Past Signals 0 Comments

BUY at 1796.50

T/P 1: 1801.50
T/P 2: 1806.50
T/P 3: 1811.50
T/P 4: 1816.50

S/L: 1785.00

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

🟨 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

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GOLD Signal – 29.10.2021

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