Gold, Wednesday forecast, July 24
The uptrend may be expected to continue or from resistance 1424 - 1429, or in case the market drops below support level 1415.50, which will be followed by reaching support level 1405 and 1398.
An uptrend will start as soon, as the pair rises above resistance level 1429, which will be followed by moving up to resistance level 1446.50.
Weekly forecast, July 22 - 26
The uptrend may be expected to continue, while pair is trading above support level 1415, which will be followed by reaching resistance level 1446 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 1470.
A downtrend will start as from resistance 1446, as the pair drops below support level 1415, which will be followed by moving down to support level 1398 and if it keeps on moving down below that level, we may expect the pair to reach support level 1350.
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