Gold Forecast 26 February, 1 March 2024
In the weekly forecast of gold from February 26th to March 1st, 2024, I anticipate further upward movement in gold prices to visit the supply area at 2045 after achieving the initial target last week. Therefore, any downward correction at the beginning of the upcoming week would be a good opportunity to buy gold.
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| Weekly Gold Forecast 26 February, 1 March 2024 |
We will discuss in this article:
- Gold price today 26 February 2024
- Weekly Gold Forecast 26 February, 1 March 2024 1Day time frame
- Weekly Gold Forecast 26 February, 1 March 2024 1H time frame
- Entry Trade on Gold
Gold prices have seen a significant recovery against the US dollar in recent days, with the price of gold today, February 26th, 2024, ranging between 2036 and 2046.
2.Weekly Gold Forecast 26 February, 1 March 2024 1Day time frameGold prices have experienced a notable ascent for several days after rebounding from the demand area at 1985 in the daily and four-hour timeframes. Consequently, we expect a price correction during the beginning of the next week towards the support area at 2026 before continuing the upward trend.
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| Weekly Gold Forecast 26 February, 1 March 2024 1Day time frame |
In the hourly timeframe, I also anticipate a corrective decline in gold prices towards the demand area at 2026. Upon confirmation, we will proceed to buy gold as illustrated in the chart below after a retest in smaller timeframes.
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| Weekly Gold Forecast 26 February, 1 March 2024 1H time frame |
4.Entry Trade on Gold
Warning: The website does not provide financial signals. Caution should be exercised when trading in financial markets as they are highly risky.
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