GOLD, (GC) Futures market
Wednesday forecast, June 24
Uptrend
The uptrend may be expected to continue, while gold is trading above support level 1790, which will be followed by reaching resistance level 1800.
Downtrend
A downtrend will start as soon, as gold drops below support level 1790, which will be followed by moving down to support level 1783 or 1779.
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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