This/Next Week Forecast (November 23 – 27, 2020)
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1899, which will be followed by moving up to resistance level 1950 – 1966.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1850, which will be followed by moving down to support level 1810 – 1780.
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.
