Gold Short Term Technical Forecast [24 Sep 2024]

Gold Technical Forecast: In the near term, and According to the 4-hour chart, some unconfirmed bearish divergences hint at a potential correction. Technical indicators pulled back from their recent highs with neutral-to-bearish slopes, supporting a near-term retracement. At the same time, Gold (Yellow Metal) keeps developing above bullish moving averages, with the 20 SMA accelerating north above the longer ones and acting as dynamic 1st support at around $2,597, and 2nd support at $2574.

• फेड द्वारा और अधिक कटौती की संभावना, मध्य पूर्व में तनाव के कारण सोने में बढ़त जारी
• Copper Extends Gains on Risk-On Sentiment
• Spot Gold Above $2603, Very Strong Next Target $2618——$2640 [Don’t Even Think About Selling It]
• MCX Copper Rises As Expected, From 802 to 817
• Hdfc Bank share are up by 1.44%, Nifty up by 0.55%