Gold Forecast, Technical Analysis

  • GOLD, Monday forecast, August 19
    The downtrend may be expected to continue in case the market drops below support level 1497.17, which will be followed by reaching support level 1479.80.
    An uptrend will start as soon, as the pair rises above resistance level 1503.55, which will be followed by moving up to resistance level 1523.

    Weekly forecast, August 19 – 23
    An downtrend will start as soon, as the pair drops below support level 1497, which will be followed by moving down to support level 1479.80 and if it keeps on moving down below that level, we may expect the pair to reach support level 1452 – 1446.
    An uptrend will start as soon, as the pair rises above resistance level 1523, which will be followed by moving up to resistance level 1572.

Forecast based on “Strategist” trading system

Trading signals based on forecast

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