Gold, Monday forecast, August 12
The uptrend may be expected to continue, while gold is trading above support level 1501, which will be followed by reaching resistance level 1510 and if it keeps on moving up above that level, we may expect gold to reach resistance level 1522. A downtrend will start as soon, as gold drops below support level 1501, which will be followed by moving down to support level 1489.
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Weekly forecast, August 12 - 16
The uptrend may be expected to continue, while gold is trading above support level 1489, which will be followed by reaching resistance level 1522 - 1532. A downtrend will start as soon, as gold drops below support level 1488, which will be followed by moving down to support level 1470 and 1446.
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