GOLD, (GC) Futures market
Monday forecast, June 22
Uptrend
The uptrend may be expected to continue in case the market rises above resistance level 1764, which will be followed by reaching resistance level 1775.
Downtrend
A downtrend will start as soon, as gold drops below support level 1748, which will be followed by moving down to support level 1735 - 1729.
Weekly forecast, June 22 - 26
Uptrend
The uptrend may be expected to continue, while gold is trading above support level 1749, which will be followed by reaching resistance level 1775 - 1788.
Downtrend
A downtrend will start as soon, as gold drops below support level 1749, which will be followed by moving down to support level 1729, and if it keeps on moving down below that level, we may expect the pair to reach support level 1706.
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