Could gold resume its uptrend?
|Thursday forecast (September 22, 2022)
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1699.1, which will be followed by moving up to resistance level 1717.3.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 1699.1, which will be followed by reaching support level 1661.9 and 1638.3.
Previous day forecast
Weekly Forecast (September 12 – 16, 2022)
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1699, which will be followed by moving up to resistance level 1746,4.
Downtrend scenario
The downtrend may be expected to continue in case the market drops below support level 1673,3, which will be followed by reaching support level 1611.
Previous week forecast
Monthly forecast, September 2022
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1740.2, which will be followed by moving up to resistance level 1826.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 1740.2, which will be followed by reaching support level 1673.3 and if it keeps on moving down below that level, we may expect the market to reach support level 1566.2.
Previous month forecast
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