GOLD, Weekly Forecast, 20 - 24 April


Main scenario:
The pair is trading along an downtrend.
The downtrend may be expected to continue while pair is trading below resistance level 1213, which will be followed by reaching support level 1187 and then to 1160.

Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1213, which will be followed by moving up to resistance level 1231.

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