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Gold forecast and analysis for June 20, 2024
XAU/USD quotes continue to move as part of the development of the correction and bearish channel. At the time of publication of the forecast, the price of Gold is 2330 Dollars per Troy Ounce. Moving averages indicate a short-term bullish trend. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of the asset and a potential continuation of the fall from current levels. At the moment, we can expect an attempt to develop a bullish correction and a test of the resistance level near the 2350 area. From where we can expect a downward rebound and a continuation of ... (full story)