GOLD Thursday Forecast

Thursday Forecast (August 4, 2022)

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1786.35, which will be followed by moving up to resistance level 1811.58.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 1786.35, which will be followed by reaching support level 1739.

This/Next Week Forecast (August 1 – 5, 2022)

Uptrend scenario
The uptrend may be expected to continue in case the market rises above resistance level 1786, which will be followed by reaching resistance level 1857 – 1876.
Downtrend scenario
An downtrend will start from resistance 1786 or as soon, as the market drops below support level 1739, which will be followed by moving down to support level 1676.

Monthly Forecast, August 2022

Uptrend scenario
The uptrend may be expected to continue in case the market rises above resistance level 1786, which will be followed by reaching resistance level 1876.
Downtrend scenario
An downtrend will start from resistance 1786, which will be followed by moving down to support level 1676 and if it keeps on moving down below that level, we may expect the market to reach support level 1557.

Chart Gold Forecast 2020, Long-term Outlook, Technical Analysis

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