Gold, Monday forecast, September 23

The uptrend may be expected to continue, while gold is trading above support level 1511.4, which will be followed by reaching resistance level 1524. A downtrend will start as soon, as gold drops below support level 1511.4, which will be followed by moving down to support level 1506.

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Weekly forecast, September 23 - 27

The uptrend may be expected to continue, while gold 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 gold to reach resistance level 1534. A downtrend will start as soon, as gold drops below support level 1506, which will be followed by moving down to support level 1493 - 1488.

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