Note

Gold weekly forecast

· Views 299

This/Next Week Forecast
(September 28 - October 2, 2020)

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1906, 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.
Downtrend scenario
The downtrend may be expected to continue in case the market drops below support level 1862, which will be followed by reaching support level 1795.

Gold weekly forecast

previous week gold forecast chart
Gold weekly forecast

Fundamental Analysis

Conditions in currency and interest rates sectors showing fair price on the level 1800 - 1750.

Gold weekly forecast

Long-term Forecast
(Quarter III: July - September, 2020)

Uptrend scenario
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.
Downtrend scenario
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.

Gold weekly forecast

Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.

FOLLOWME Trading Community Website: https://www.followme.com

If you like, reward to support.
avatar

Hot

No comment on record. Start new comment.