Gold Forecast - Wednesday, July 1

GOLD, (GC) Futures market
Wednesday forecast, July 1

Uptrend

An uptrend will start as soon, as gold rises above resistance level 1796, which will be followed by moving up to resistance level 1804.

Downtrend

The downtrend may be expected to continue, while gold is trading below resistance level 1796, which will be followed by reaching support level 1790.4 and if it keeps on moving down below that level, we may expect gold to reach support level 1782.

Weekly forecast, June 29 - July 3

Uptrend

An uptrend will start as soon, as gold rises above resistance level 1790, which will be followed by moving up to resistance level 1796.1 and 1836.

Downtrend

A downtrend will start as soon, as gold drops below support level 1775, which will be followed by moving down to support level 1755.

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.