#Daily GOLD Forecast – 4.4.2024

An additional indication pointing towards a potential uptrend in #GOLD  quotes could arise from testing the support line on the relative strength index (RSI), coupled with a rebound from the lower boundary of the bullish channel. Should prices dip below 2220, signaling a breakdown in support, anticipate further declines below 2165. Conversely, expect an uptick in the growth momentum of GOLD quotes upon breaching the resistance zone and achieving closing prices above 2305.

Anticipate an initial endeavor towards price correction, testing support near 2240, followed by sustained growth in non-ferrous metal quotations targeting levels above 2395. However, if prices fall below 2220, it would nullify the bullish outlook, indicating a potential descent towards 2165.