GOLD: Downtrend To 1530 While Trading Below 1544

Forex Trader • Aug 28, 2019 at 6:49 AM EDT

The downtrend may be expected to continue, while pair is trading below resistance level 1544, which will be followed by reaching support level 1530

GOLD, Wednesday forecast, August 28
The downtrend may be expected to continue, while pair is trading below resistance level 1544, which will be followed by reaching support level 1530.
An uptrend will start as soon, as the pair rises above resistance level 1544, which will be followed by moving up to resistance level 1554.

Weekly forecast, August 26 - 30
The uptrend may be expected to continue, while pair is trading above support level 1523, which will be followed by reaching resistance level 1572.
An downtrend will start as soon, as the pair drops below support level 1523, which will be followed by moving down to support level 1507 and 1492.

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