GOLD, Monday forecast, January 27

GOLD, GC Futures market
Monday forecast, January 27

Downtrend
An downtrend will start from resistance level 1588, which will be followed by moving down to support level 1580 and 1575, and if it keeps on moving down below that level, we may expect the pair to reach support level 1567.5.
Uptrend
The uptrend may be expected to continue in case the market rises above resistance level 1588, which will be followed by reaching resistance level 1600.

GOLD, spot market
Monday forecast, January 27

Downtrend
An downtrend will start from resistance level 1588, which will be followed by moving down to support level 1575 and if it keeps on moving down below that level, we may expect the pair to reach support level 1568.
Uptrend
The uptrend may be expected to continue in case the market rises above resistance level 1588, which will be followed by reaching resistance level 1600 – 1611.

Weekly forecast, January 27 – 31
Most important news of this week
Monday: EU German Ifo Business Climate Index (Jan), US New Home Sales (Dec)
Tuesday: US Core Durable Goods Orders (MoM) (Dec)
Wednesday: US Pending Home Sales (MoM) (Dec), Crude Oil Inventories, FOMC Statement, Fed Interest Rate Decision, FOMC Press Conference
Thursday: EU Unemployment Rate (Dec), US GDP (QoQ) (Q4)
Friday: EU CPI (YoY) (Jan), GDP (YoY), US Michigan Consumer

Forecast and technical analysis
Uptrend
The uptrend may be expected to continue in case the market rises above resistance level 1588, which will be followed by reaching resistance level 1611.
Downtrend
An downtrend will start as soon, as the pair drops below support level 1570, which will be followed by moving down to support level 1557 and 1534.

Monthly forecast, January – February
Uptrend
The uptrend may be expected to continue, while pair is trading above support level 1557, which will be followed by reaching resistance level 1616.
Downtrend
An downtrend will start as soon, as the pair drops below support level 1557, which will be followed by moving down to support level 1513.

GOLD, Tuesday forecast, January 21

GOLD, GC Futures market, Friday forecast, January 24
Sideways
The pair is trading along an sideways trend between support 1555.6 and resistance 1563.3
Uptrend
The uptrend may be expected to continue, while pair is trading above support level 1563.3, which will be followed by reaching resistance level 1568.
Downtrend
An downtrend will start as soon, as the pair drops below support level 1555.6, which will be followed by moving down to support level 1550.

GOLD, spot market, Friday forecast, January 24
Sideways
The pair is trading along an sideways trend between support 1557 and resistance 1563.6
Uptrend
The uptrend may be expected to continue, while pair is trading above support level 1563.6, which will be followed by reaching resistance level 1568.
Downtrend
An downtrend will start as soon, as the pair drops below support level 1557, which will be followed by moving down to support level 1550.

Weekly forecast, January 20 – 24
Most important news of this week
Monday: United States – Martin Luther King, Jr.
Tuesday: EU ZEW Economic Sentiment (Jan)
Wednesday: US Existing Home Sales (Dec)
Thusrday: EU Deposit Facility Rate (Jan), EU ECB Monetary Policy Statement, EU ECB Press Conference, Crude Oil Inventories
Friday: EU German Manufacturing PMI (Jan), EU Manufacturing PMI (Jan), US Manufacturing PMI (Jan)

Forecast and technical analysis
Downtrend
The downtrend may be expected to continue, while pair is trading below resistance level 1562, which will be followed by reaching support level 1545.
Uptrend
An uptrend will start as soon, as the pair rises above resistance level 1562, which will be followed by moving up to resistance level 1575.

Monthly forecast, January – February
Uptrend
The uptrend may be expected to continue, while pair is trading above support level 1557, which will be followed by reaching resistance level 1616.
Downtrend
An downtrend will start as soon, as the pair drops below support level 1557, which will be followed by moving down to support level 1513.

GOLD, Tuesday forecast, January 21

GOLD, GC Futures market, Tuesday forecast, January 21
Uptrend
The uptrend may be expected to continue, while pair is trading above support level 1554, which will be followed by reaching resistance level 1562.
Downtrend
An downtrend will start as soon, as the pair drops below support level 1554, which will be followed by moving down to support level 1548.

GOLD, spot market, Tuesday forecast, January 21
Uptrend
The uptrend may be expected to continue, while pair is trading above support level 1554, which will be followed by reaching resistance level 1562.
Downtrend
An downtrend will start as soon, as the pair drops below support level 1554, which will be followed by moving down to support level 1545

Weekly forecast, January 20 – 24
Most important news of this week
Monday: United States – Martin Luther King, Jr.
Tuesday: EU ZEW Economic Sentiment (Jan)
Wednesday: US Existing Home Sales (Dec)
Thusrday: EU Deposit Facility Rate (Jan), EU ECB Monetary Policy Statement, EU ECB Press Conference, Crude Oil Inventories
Friday: EU German Manufacturing PMI (Jan), EU Manufacturing PMI (Jan), US Manufacturing PMI (Jan)

Forecast and technical analysis
Downtrend
The downtrend may be expected to continue, while pair is trading below resistance level 1562, which will be followed by reaching support level 1545.
Uptrend
An uptrend will start as soon, as the pair rises above resistance level 1562, which will be followed by moving up to resistance level 1575.

Monthly forecast, January – February
Uptrend
The uptrend may be expected to continue, while pair is trading above support level 1557, which will be followed by reaching resistance level 1616.
Downtrend
An downtrend will start as soon, as the pair drops below support level 1557, which will be followed by moving down to support level 1513.

GOLD, Friday forecast, January 17

GOLD, GC Futures market, Friday forecast, January 17
Uptrend
The uptrend may be expected to continue, while pair is trading above support level 1554, which will be followed by reaching resistance level 1558.8 and 1563.
Downtrend
An downtrend will start as soon, as the pair drops below support level 1554, which will be followed by moving down to support level 1547 and if it keeps on moving down below that level, we may expect the pair to reach support level 1541.

GOLD, spot market, Friday forecast, January 17
Uptrend
The uptrend may be expected to continue, while pair is trading above support level 1554, which will be followed by reaching resistance level 1558 and 1563.
Downtrend
An downtrend will start as soon, as the pair drops below support level 1554, which will be followed by moving down to support level 1547 and if it keeps on moving down below that level, we may expect the pair to reach support level 1540.

Weekly forecast, January 13 – 17
Most important news of this week
Monday: –
Tuesday: US Core CPI (YoY) (Dec)
Wednesday: US-China trade war phase 1 deal, Crude Oil Inventories
Thursday: EU ECB Publishes Account of Monetary Policy Meeting, US Core Retail Sales (MoM) (Dec)
Friday: EU Core CPI (YoY) (Dec)

Forecast and technical analysis
Uptrend
The uptrend may be expected to continue, while pair is trading above support level 1540, which will be followed by reaching resistance level 1575 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 1611.
Downtrend
An downtrend will start as from resistance 1575, as the pair drops below support level 1540, which will be followed by moving down to support level 1513.

Monthly forecast, January – February
Uptrend
The uptrend may be expected to continue, while pair is trading above support level 1557, which will be followed by reaching resistance level 1616.
Downtrend
An downtrend will start as soon, as the pair drops below support level 1557, which will be followed by moving down to support level 1513.

GOLD, Tuesday forecast, January 14

GOLD, Tuesday forecast, January 14
Uptrend
The uptrend may be expected to continue, while pair is trading above support level 1540, which will be followed by reaching resistance level 1549.
Downtrend
An downtrend will start as soon, as the pair drops below support level 1534, which will be followed by moving down to support level 1524.

Weekly forecast, January 13 – 17
Most important news of this week
Monday: –
Tuesday: US Core CPI (YoY) (Dec)
Wednesday: US-China trade war phase 1 deal, Crude Oil Inventories
Thursday: EU ECB Publishes Account of Monetary Policy Meeting, US Core Retail Sales (MoM) (Dec)
Friday: EU Core CPI (YoY) (Dec)

Forecast and technical analysis
Uptrend
The uptrend may be expected to continue, while pair is trading above support level 1540, which will be followed by reaching resistance level 1575 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 1611.
Downtrend
An downtrend will start as from resistance 1575, as the pair drops below support level 1540, which will be followed by moving down to support level 1513.

Monthly forecast, January – February
Uptrend
The uptrend may be expected to continue, while pair is trading above support level 1557, which will be followed by reaching resistance level 1616.
Downtrend
An downtrend will start as soon, as the pair drops below support level 1557, which will be followed by moving down to support level 1513.