Gold, Wednesday forecast, September 25
The downtrend may be expected to continue, while gold is trading below resistance level 1534, which will be followed by reaching support level 1524 and if it keeps on moving down below that level, we may expect gold to reach support level 1515. An uptrend will start as soon, as gold rises above resistance level 1535, which will be followed by moving up to resistance level 1542.
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Weekly forecast, September 23 - 27
The uptrend may be expected to continue, while gold is trading above support level 1506, which will be followed by reaching resistance level 1523 and if it keeps on moving up above that level, we may expect gold to reach resistance level 1534. A downtrend will start as soon, as gold drops below support level 1506, which will be followed by moving down to support level 1493 - 1488.
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