GOLD (GC), Wednesday forecast, April 29

GOLD, (GC) Futures market
Wednesday forecast, April 29

Downtrend
The downtrend may be expected to continue in case the market drops below support level 1715.2, which will be followed by reaching support level 1705.5 and if it keeps on moving down below that level, we may expect the pair to reach support level 1693.
Uptrend
An uptrend will start as soon, as the pair rises above resistance level 1725.8, which will be followed by moving up to resistance level 1735.1 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 1744.1.

Weekly forecast, April 27 – May 1
Downtrend
The downtrend may be expected to continue, while pair is trading below resistance level 1753, which will be followed by reaching support level 1693 – 1688.
Uptrend
An uptrend will start as soon, as the pair rises above resistance level 1753, which will be followed by moving up to resistance level 1764 and 1780 – 1788.

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