GOLD, (GC) Futures market
Thursday forecast, June 25
Uptrend
An uptrend will start as soon, as gold rises above resistance level 1773.5, which will be followed by moving up to resistance level 1782 and if it keeps on moving up above that level, we may expect gold to reach resistance level 1788.9.
Downtrend
The downtrend may be expected to continue, while gold is trading below resistance level 1773.5, which will be followed by reaching support level 1764.2 and if it keeps on moving down below that level, we may expect the pair to reach support level 1758.
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 gold to reach support level 1706.
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