Gold Forecast - Thursday, August 15

Forex Trader • Aug 15, 2019 at 8:02 AM EDT

An uptrend will start as soon, as the pair rises above resistance level 1522, which will be followed by moving up to resistance level 1534

GOLD, Thursday forecast, August 15

An uptrend will start as soon, as the pair rises above resistance level 1522, which will be followed by moving up to resistance level 1534.

A downtrend will start as soon, as the pair drops below support level 1510.80, which will be followed by moving down to support level 1497.

Weekly forecast, August 12 - 16

The uptrend may be expected to continue, while pair is trading above support level 1489, which will be followed by reaching resistance level 1522 - 1532.

A downtrend will start as soon, as the pair drops below support level 1488, which will be followed by moving down to support level 1470 and 1446.

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.