Gold, Tuesday forecast, September 24
A downtrend will start as soon, as gold drops below support level 1520, which will be followed by moving down to support level 1511 - 1506. An uptrend will start as soon, as gold rises above resistance level 1524, which will be followed by moving up to resistance level 1534.
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Weekly forecast, September 23 - 27
The uptrend may be expected to continue, while pair is trading above support level 1506, which will be followed by reaching resistance level 1523 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 1534. A downtrend will start as soon, as the pair drops below support level 1506, which will be followed by moving down to support level 1493 - 1488.
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