Gold, Tuesday forecast, September 3
A downtrend will start as soon, as gold drops below support level 1523, which will be followed by moving down to support level 1516 and if it keeps on moving down below that level, we may expect to reach support level 1507. An uptrend will start as soon, as gold rises above resistance level 1529, which will be followed by moving up to resistance level 1535 and if it keeps on moving up above that level, we may expect gold to reach resistance level 1542.
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Weekly forecast, September 2 - 6
The downtrend may be expected to continue, while gold is trading below resistance level 1535, which will be followed by reaching support level 1507 and 1495. An uptrend will start as soon, as gold rises above resistance level 1535, which will be followed by moving up to resistance level 1554.
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