Gold today’s forecast – Is the uptrend expected to continue?

Anton Kolhanov Anton Kolhanov

Today’s forecast, Wednesday, June 3

Uptrend scenario

The uptrend may be expected to continue, while market is trading above support level 1869.9, which will be followed by reaching resistance level 1893.2.

Downtrend scenario

An downtrend will start as soon, as the pair drops below support level 1867.9, which will be followed by moving down to support level 1849.6.

Previous day forecast

This/next week Forecast (May 30 – June 03, 2022)

Uptrend scenario

The uptrend may be expected to continue, while pair is trading above support level 1836, which will be followed by reaching resistance level 1893.

Downtrend scenario

An downtrend will start as soon, as the pair drops below support level 1836, which will be followed by moving down to support level 1785.

Previous week forecast

Monthly forecast, June 2022

Uptrend scenario

The uptrend may be expected to continue, while pair is trading above support level 1780.5, which will be followed by reaching resistance level 1893.2 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 2003.

Downtrend scenario

An downtrend will start as soon, as the pair drops below support level 1780.5, which will be followed by moving down to support level 1721.1.

Author

Anton Kolhanov

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

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