GOLD Weekly Forecast

This/Next Week Forecast (April 12 – 16, 2020)

Uptrend scenario
The uptrend may be expected to continue in case the market rises above resistance level 1754, which will be followed by reaching resistance level 1767 and 1780.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1728.4, which will be followed by moving down to support level 1685.

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, April 2021

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 1883 – 1923.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 1780, which will be followed by reaching support level 1684 and if it keeps on moving down below that level, we may expect the market to reach support level 1570 – 1523.

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

previous forecast

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