GOLD Signal – 4.11.2021

GOLD Signals TEAM November 4, 2021 Past Signals 0 Comments

SELL at 1774.00

T/P 1: 1769.00
T/P 2: 1764.00

S/L: 1784.00

#XAUUSD Update: Cancelled

🟨 Daily GOLD Forecast – 26.4.2024 (Signal 2)

When considering #GOLD, a potential downturn in quotes could manifest through a variety of signals. Firstly, a significant indication might be the testing of the resistance line on the relative strength index (RSI), coupled with a breakout from the upper border of the bearish channel. If, by April 26, 2024, prices surge beyond 2380, signaling a breakdown in resistance, it could lead to continued growth towards 2425. Conversely, expect an acceleration in the decline of XAU/USD quotes if the support area is breached, resulting in closing prices below 2280.

An initial step in this potential scenario might involve a price correction, with an attempt to test the resistance area around 2335. This could be followed by a sustained fall in non-ferrous metal quotations, potentially targeting levels below 2210. However, a notable surge in prices, surpassing 2380, would signify a cancellation of the option to reduce prices for Gold, indicating a potential continued rise towards 2425.

Posted: April 26, 2024 at 8:36 am

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GOLD Signal – 4.11.2021

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