This/Next Week Forecast (October 5 – 9, 2020)
An uptrend will start as soon, as the market rises above resistance level 1928, which will be followed by moving up to resistance level 1966 and if it keeps on moving up above that level, we may expect the market to reach resistance level 2033.
The downtrend may be expected to continue, while market is trading below resistance level 1928, which will be followed by reaching support level 1862 and 1795.
previous week gold forecast chart
Conditions in currency and interest rates sectors showing fair price on the level 1800 – 1750.
(Quarter III: July – September, 2020)
The uptrend may be expected to continue, while market is trading above support level 1920 – 1795, which will be followed by reaching resistance level 2175 – 2400.
An downtrend will start as soon, as the market drops below support level 1795, which will be followed by moving down to support level 1500 and 1350.