Gold: Downtrend Continuation In The Range 1501 - 1497
Gold, Friday forecast, August 16
The downtrend may be expected to continue, while gold is trading below resistance level 1511.30, which will be followed by reaching support level 1501 - 1497. An uptrend will start as soon, as gold rises above resistance level 1511.30, which will be followed by moving up to resistance level 1522.
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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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