GOLD Weekly Forecast

This/Next Week Forecast (February 22 – 26, 2020)

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 1830 and 1856.
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 1731 and 1706.

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 1750, but new covid wave and lockdown increase creating uptrend pressure.

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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