gold price analysis April 2024

this article is about weekly goldprice analysis and forecast for this week 27 July 2024 . so read this weekly gold price analysis and forecast before trade gold price next week.

gold price analysis

Gold price XAUUSD continue to move within the fall and the downtrend channel. At the time of the publication of the forecast, the price of Gold price XAUUSD is 1767 Dollars ,some technical analysis tools and Moving averages indicate a short-term bearish trend.

gold price analysis and forecast

Prices broke through the area between the signal lines downward, which indicates pressure from the sellers of the asset and a potential continuation of the fall from the current levels. At the moment, we should expect an attempt to develop growth and a test of the support level near the area of 1772. Where can we expect a rebound and the continuation of the rise in the price of Gold price XAUUSD with a potential target Above the level of 1675.