GOLD Tuesday Forecast

Tuesday Forecast

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1738, which will be followed by moving up to resistance level 1759.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 1738, which will be followed by reaching support level 1718 and if it keeps on moving down below that level, we may expect the market to reach support level 1705.

Chart Gold This/Next Week Forecast, Technical Analysis

This/Next Week Forecast (March 15 – 19, 2020)

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1738, which will be followed by moving up to resistance level 1780.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1705.6, which will be followed by moving down to support level 1673.3 and if it keeps on moving down below that level, we may expect the market to reach support level 1588.

Chart Gold This/Next Week Forecast, Technical Analysis

previous week gold forecast chart
Chart Gold This/Next Week Forecast, Technical Analysis

Fundamental Analysis

Conditions in currency and interest rates sectors showing fair price on the level 1675 – 1780 with big potential to reach 1500.

Monthly Forecast, March 2021

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1790, which will be followed by moving up to resistance level 1878 – 1895.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1753, which will be followed by moving down to support level 1684.

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

previous forecast

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