This/Next Week Forecast (November 9 – 13, 2020)
Uptrend scenario
The uptrend may be expected to continue in case the market rises above resistance level 1966, which will be followed by reaching resistance level 2033.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1933, which will be followed by moving down to support level 1880.
previous week gold forecast chart
Fundamental Analysis
Conditions in currency and interest rates sectors showing fair price on the level 1750, but new covid wave and lockdown increasing creating uptrend pressure.
Monthly Forecast
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1966, which will be followed by moving up to resistance level 2033 and 2075.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1933, which will be followed by moving down to support level 1848.
