Thursday Forecast
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1858, which will be followed by moving up to resistance level 1875 and 1900.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 1850 – 1858, which will be followed by reaching support level 1822, 1810 and 1780.
previous day forecast
This/Next Week Forecast (December 7 – 11, 2020)
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1850, which will be followed by moving up to resistance level 1899.
Downtrend scenario
The downtrend may be expected to continue in case the market drops below support level 1780, which will be followed by reaching support level 1740.
previous week gold forecast chart
Fundamental Analysis
Conditions in currency and interest rates sectors showing fair price on the level 1750, but new covid wave and lockdown increasing creating uptrend pressure.
Monthly Forecast, December 2020
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1850, which will be followed by moving up to resistance level 1950.
Downtrend scenario
The downtrend may be expected to continue in case the market drops below support level 1780, which will be followed by reaching support level 1680.
previous forecast
