GOLD Weekly Forecast

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

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1780, which will be followed by moving up to resistance level 1815.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 1767 – 1780, which will be followed by reaching support level 1716 and 1684.

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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