Gold Price Forecast 19-23 February 2024
Hello dear traders. In this article, I will provide the weekly forecast for gold from February 19th to 23rd, 2023, as well as for the month of March 2024.
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| Gold Forecast 19-23 February 2024 |
- Weekly Gold Forecast 19-23 February 2024 1W Time Frame
- Weekly Gold Forecast 19-23 February 2024 1D Time Frame
- Weekly Gold Forecast 19-23 February 2024 4H Time Frame
- Weekly Gold Forecast 19-23 February 2024 1H Time Frame
Weekly Gold Forecast 19-23 February 2024 1W Time Frame
In the weekly timeframe, as seen in the chart below for gold prices, it has recently touched the weekly demand zone at 1985. Consequently, gold prices are beginning a new uptrend in the long term.
.png "Gold Forecast 19-23 February 2024") |
| Gold Forecast 19-23 February 2024 1W Time frame |
Weekly Gold Forecast 19-23 February 2024 1D Time Frame
Gold prices have strongly respected the demand zone at 1985 in the daily timeframe as well, where prices bounced higher upon touching the daily demand zone at 1985.
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| Weekly Gold Forecast 19-23 February 2024 1D Time Frame |
Weekly Gold Forecast 19-23 February 2024 4H Time Frame
In the four-hour timeframe, gold prices are expected to witness a strong upward movement against the US dollar at the beginning of the upcoming week, and it's likely that prices will break above the supply zone at 2036.
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| Weekly Gold Forecast 19-23 February 2024 4H Time Frame |
Weekly Gold Forecast 19-23 February 2024 1H Time Frame
Additionally, in the hourly timeframe, there's a high probability of a correction in gold prices towards the demand zone at 2006 before continuing the upward trend.
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| Weekly Gold Forecast 19-23 February 2024 1H Time Frame |
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