Gold Forecast - Monday, August 26

Forex Trader • Aug 26, 2019 at 7:41 AM EDT

The uptrend may be expected to continue, while gold is trading above support level 1523, which will be followed by reaching resistance level 1544.

Gold, Monday forecast, August 26

The uptrend may be expected to continue, while gold is trading above support level 1523, which will be followed by reaching resistance level 1544.

A downtrend will start as soon, as gold drops below support level 1523, which will be followed by moving down to support level 1507.

Weekly forecast, August 26 - 30

The uptrend may be expected to continue, while gold is trading above support level 1523, which will be followed by reaching resistance level 1572.

A downtrend will start as soon, as gold drops below support level 1523, which will be followed by moving down to support level 1507 and 1492.

Disclaimer:

All information provided by Anton Kolhanov is for informational purposes only. Information provided is not meant as investment advice nor is it a recommendation to Buy or Sell securities. Anton Kolhanov is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained. You should do your own thorough research before making any investment decisions and seek advice from an independent financial advisor.