GOLD, (GC) Futures market
Tuesday forecast, June 23

Uptrend

The uptrend may be expected to continue in case the market rises above resistance level 1772, which will be followed by reaching resistance level 1776 - 1778.

Downtrend

The downtrend may be expected to continue, while gold is trading below resistance level 1772, which will be followed by reaching support level 1763.8 and if it keeps on moving down below that level, we may expect the pair to reach support level 1758.4.

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 the pair to reach support level 1706.