Gold Weekly Forecast 4/14/2024 (comprehensive review)

From Monthly comparison with 2008-2010 period, they have similar structures. Gold should close this month with positive candle and follow by a negative one next month. Then it will retest previous resistance turning into support.

Weekly comparison, we should see a red candle in the coming week.
But there is another possibility in consideration of current middle east asia tension.

Comparing with the Ukraine-Russia war. After clocking a red weekly candle when the war began on Feb 24, 2022, Gold continued two weeks' bull run. For current situation, bulls could also continue for two weeks run and reach to 2560. That will finish this month with strong green candle.

In any case, come to daily point of view, we should take extra caution when placing order. Only sell when daily support is broken and buy when there is confirmation signal in lower timeframe.