29.2.2024 - GOLD BUY
XAU/USD exhibits mixed signals on the 1-hour chart. While oscillators show neutrality with some sell signals, moving averages lean towards selling, and pivot points suggest a neutral to bearish sentiment. The gold forecast hints at a potential decline, with a 60% probability of a price decrease. Traders should exercise caution, waiting for confirmation before taking positions amidst the conflicting indicators.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.