Gold, Friday forecast, September 6
An uptrend will start as soon, as gold rises above resistance level 1522, which will be followed by moving up to resistance level 1533 and 1542. The downtrend may be expected to continue in case the market drops below support level 1506, which will be followed by reaching support level 1495.
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Weekly forecast, September 2 - 6
The downtrend may be expected to continue, while gold is trading below resistance level 1535, which will be followed by reaching support level 1507 and 1495. An uptrend will start as soon, as gold rises above resistance level 1535, which will be followed by moving up to resistance level 1554.
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