TEST 1

GOLD Signals TEAM February 29, 2024 Past Signals

ASA

19.10.2023 - SELL GOLD at 1948.00 by gregabre on TradingView.com

🟨 Daily GOLD Forecast – 4.12.2024

XAUUSD is poised for a potential decline. A test of the resistance line on the RSI indicator and a rebound from the upper border of the "Head and Shoulders" reversal pattern could trigger this movement.

A decisive break below the 2605 support level would confirm the bearish scenario and open the way for a further price drop towards the pattern's target levels.

However, a strong price surge above 2715 would invalidate the bearish outlook and signal a potential rally towards the 2765 resistance level.

In the short term, a bullish correction towards 2655 is possible, followed by a resumption of the downward trend.

Posted: December 4, 2024 at 7:20 am

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