Weekly Forecast
(August 24 - 28, 2020)
Uptrend scenario
The uptrend may be expected to continue in case the gold market rises above resistance level 2033, which will be followed by reaching resistance level 2175.
Downtrend scenario
A downtrend will start as soon, as the gold market drops below support level 1262, which will be followed by moving down to support level 1740.
Previous week gold forecast chart
Quarterly Forecast
(Quarter III: July - September 2020)
Uptrend scenario
The uptrend may be expected to continue, while the gold market is trading above support level 1920 - 1795, which will be followed by reaching resistance level 2175 - 2400.
Downtrend scenario
A downtrend will start as soon, as the gold market drops below support level 1795, which will be followed by moving down to support level 1500 and 1350.
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