Gold, correction to 1522 while trading above 1497
|GOLD, Wednesday forecast, August 14
The uptrend may be expected to continue, while pair is trading above support level 1497, which will be followed by reaching resistance level 1511 and 1522. An downtrend will start as soon, as the pair drops below support level 1497, which will be followed by moving down to support level 1479.
Weekly forecast, August 12 - 16
The uptrend may be expected to continue, while pair is trading above support level 1489, which will be followed by reaching resistance level 1522 - 1532. An downtrend will start as soon, as the pair drops below support level 1488, which will be followed by moving down to support level 1470 and 1446.
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