GOLD Today’s Forecast

Today’s Forecast, Wednesday, June 1

Downtrend scenario
The market is trading along an downtrend with target on 1805.
The downtrend may be expected to continue, while market is trading below resistance level 1836.3, which will be followed by reaching support level 1805.
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1836.3, which will be followed by moving up to resistance level 1849.6 and 1869.1.

This/Next Week Forecast (May 30 – June 03, 2022)

Uptrend scenario
The uptrend may be expected to continue, while pair is trading above support level 1836, which will be followed by reaching resistance level 1893.
Downtrend scenario
An downtrend will start as soon, as the pair drops below support level 1836, which will be followed by moving down to support level 1785.

Previous week forecast
Chart Gold This/Next Week Forecast, Technical Analysis

Monthly Forecast, June 2022

Uptrend scenario
The uptrend may be expected to continue, while pair is trading above support level 1780.5, which will be followed by reaching resistance level 1893.2 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 2003.
Downtrend scenario
An downtrend will start as soon, as the pair drops below support level 1780.5, which will be followed by moving down to support level 1721.1.

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

Share on facebook
Share on twitter
Share on linkedin