Gold, Thursday forecast, October 31
The uptrend may be expected to continue, while gold is trading above support level 1494.7, which will be followed by reaching resistance level 1500 and 1405.4. A downtrend will start as soon, as gold drops below support level 1494.7, which will be followed by moving down to support level 1487.
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Weekly forecast, October 28 - November 1
The downtrend may be expected to continue, while gold is trading below resistance level 1516.2, which will be followed by reaching support level 1487. An uptrend will start as soon, as gold rises above resistance level 1516.2, which will be followed by moving up to resistance level 1534.2.
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