Analysis

Gold, uptrend to 1512 while trading above 1501.6

GOLD, Friday forecast, September 20

The uptrend may be expected to continue, while pair is trading above support level 1501.6, which will be followed by reaching resistance level 1512.
An downtrend will start as soon, as the pair drops below support level 1501.6, which will be followed by moving down to support level 1493.8.

 

Weekly forecast, September 16 - 20

The uptrend may be expected to continue, while pair is trading above support level 1495, which will be followed by reaching resistance level 1523 - 1534.
An downtrend will start as soon, as the pair drops below support level 15495, which will be followed by moving down to support level 1479.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.