GOLD, Tuesday forecast, August 27
The downtrend may be expected to continue, while gold is trading below resistance level 1537, which will be followed by reaching support level 1527 - 1523 and if it keeps on moving down below that level, we may expect the pair to reach support level 1507.
An uptrend will start as soon, as gold rises above resistance level 1537, which will be followed by moving up to resistance level 1543 and 1554.
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.
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