Gold is rising to 1452.50 while trading above 1429
|GOLD, Friday forecast, July 19
The uptrend may be expected to continue, while pair is trading above support level 1429.80, which will be followed by reaching resistance level 1452.50 and 1470.50.
An downtrend will start as soon, as the pair drops below support level 1429.80, which will be followed by moving down to support level 1415.50.
Weekly forecast, July 15 - 19
The pair is trading along an uptrend with target on 1433 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 1470.
Downtrend can start from resistance level 1433, which will be followed by moving down to support level 1397 - 1382.
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