Gold: Uptrend will start as soon as it rises above 1789

Anton Kolhanov Anton Kolhanov

GOLD, (GC) Futures market Monday forecast, July 6

Uptrend

An uptrend will start as soon, as the pair rises above resistance level 1789, which will be followed by moving up to resistance level 1799.

Downtrend

A downtrend will start as soon, as the pair drops below support level 1779, which will be followed by moving down to support level 1772.

Weekly forecast, July 6 - 10

Uptrend

The uptrend may be expected to continue, while pair is trading above support level 1772, which will be followed by reaching resistance level 1799 - 1807.7.

Downtrend

A downtrend will start as soon, as the pair drops below support level 1772, which will be followed by moving down to support level 1755 - 1730.

Monthly forecast, July 2020

Uptrend

An uptrend will start as soon, as the pair rises above resistance level 1789, which will be followed by moving up to resistance level 1884.7

Downtrend

A downtrend will start as soon, as the pair drops below support level 1755, which will be followed by moving down to support level 1683.

Author

Anton Kolhanov

Anton Kolhanov is a trader and an analyst. He started to study the Forex market in 2003.

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