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Weekly GOLD Forecast – (29.1.2024 – 2.2.2024)

Signs pointing to a potential rise in Gold prices this week include a rebound from RSI support and the upper border of a descending channel. A dip below 1925 may signal a sustained fall, targeting 1865. Confirmation for a surge lies in breaking resistance at 2055. A decline and test near 1965 may precede a rise towards 2235. A test of the RSI trend line supports an upward move, while a drop below 1925 indicates a prolonged decline below 1865.