GOLD, (GC) Futures market
Friday forecast, June 26
An uptrend will start as soon, as the pair rises above resistance level 1775.2, which will be followed by moving up to resistance level 1779 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 1783.8.
The downtrend may be expected to continue, while pair is trading below resistance level 1775.2, which will be followed by reaching support level 1765 – 1764.
Weekly forecast, June 22 – 26
The uptrend may be expected to continue, while pair is trading above support level 1749, which will be followed by reaching resistance level 1775 – 1788.
An downtrend will start as soon, as the pair 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.
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