GOLD, Thursday forecast, October 17
The downtrend may be expected to continue, while pair is trading below resistance level 1494.2, which will be followed by reaching support level 1480.8 and if it keeps on moving down below that level, we may expect the pair to reach support level 1472.
An uptrend will start as soon, as the pair rises above resistance level 1494.2, which will be followed by moving up to resistance level 1505.4.
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