Gold Forecast - Thursday, July 16

GOLD, (GC) Futures market
Thursday forecast, July 16

Uptrend

The uptrend may be expected to continue, while gold is trading above support level 1801.8, which will be followed by reaching resistance level 1818.8 - 1829.8.

Downtrend

A downtrend will start as soon, as gold drops below support level 1801.8, which will be followed by moving down to support level 1787.

Weekly forecast, July 13 - 17

Uptrend

The uptrend may be expected to continue, while gold is trading above support level 1787, which will be followed by reaching resistance level 1847 - 1875.

Downtrend

A downtrend will start as soon, as gold drops below support level 1787, which will be followed by moving down to support level 1756 - 1683.

Monthly forecast, July 2020

Uptrend

An uptrend will start as soon, as gold rises above resistance level 1789, which will be followed by moving up to resistance level 1884.7

Downtrend

A downtrend will start as soon, as gold drops below support level 1755, which will be followed by moving down to support level 1683.