Gold, Monday forecast, October 7
The downtrend may be expected to continue, while gold is trading below resistance level 1509.2, which will be followed by reaching support level 1494.2. An uptrend will start as soon, as gold rises above resistance level 1509.2, which will be followed by moving up to resistance level 1516.2.
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Weekly Forecast, October 7 - 11
Gold is trading along with a sideways trend between support 1483.2 and resistance 1516.2 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. A downtrend will start as soon, as gold drops below support level 1483.2, which will be followed by moving down to support level 1459.
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