GOLD Tuesday Forecast

Tuesday Forecast (September 20, 2022)

Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 1661,9, which will be followed by reaching resistance level 1689,9.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1661,9, which will be followed by moving down to support level 1638,3.

Weekly Forecast (September 12 – 16, 2022)

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1699, which will be followed by moving up to resistance level 1746,4.
Downtrend scenario
The downtrend may be expected to continue in case the market drops below support level 1673,3, which will be followed by reaching support level 1611.

previous week forecast

Monthly Forecast, September 2022

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1740.2, which will be followed by moving up to resistance level 1826.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 1740.2, which will be followed by reaching support level 1673.3 and if it keeps on moving down below that level, we may expect the market to reach support level 1566.2.

previous month forecast

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