GOLD Wednesday Forecast

Wednesday Forecast (October 26, 2022)

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1675.5, which will be followed by moving up to resistance level 1688.9 – 1691.3.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 1675.5, which will be followed by reaching support level 1666.8, 1653.8 and 1641.2.

Weekly Forecast (October 24 – 28, 2022)

Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 1645.6, which will be followed by reaching resistance level 1674.3 and if it keeps on moving up above that level, we may expect the market to reach resistance level 1696.1.
Downtrend scenario
An downtrend will start or from resistance 1674.3 or as soon, as the market drops below support level 1645.6, which will be followed by moving down to support level 1613.3.

previous week forecast

Monthly Forecast, October 2022

Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 1673, which will be followed by reaching resistance level 1824.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1673, which will be followed by moving down to support level 1622 and 1566.

previous month forecast

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