Tuesday Forecast

Uptrend scenario

The uptrend may be expected to continue, while market is trading above support level 1851, which will be followed by reaching resistance level 1874.

Downtrend scenario

An downtrend will start as soon, as the market drops below support level 1851, which will be followed by moving down to support level 1816.

Chart Gold

This/Next Week Forecast (January 11 – 15, 2020)

Uptrend scenario

An uptrend will start as soon, as the market rises above resistance level 1857, which will be followed by moving up to resistance level 1906.

Downtrend scenario

The downtrend may be expected to continue, while market is trading below resistance level 1850 – 1857, which will be followed by reaching support level 1819 and 1780.

Chart Gold

Previous week gold forecast chart

Chart Gold

Fundamental Analysis

Conditions in currency and interest rates sectors showing fair price on the level 1750, but new covid wave and lockdown increase creating uptrend pressure.

Chart

Monthly Forecast, January 2021

Uptrend scenario

The uptrend may be expected to continue, while market is trading above support level 1857, which will be followed by reaching resistance level 1950.

Downtrend scenario

An downtrend will start as soon, as the market drops below support level 1957, which will be followed by moving down to support level 1780 and if it keeps on moving down below that level, we may expect the market to reach support level 1680.

Gold

Previous forecast

Chart

All information provided by Anton Kolhanov is for informational purposes only. Information provided is not meant as investment advice nor is it a recommendation to buy or sell any trading instrument. Anton Kolhanov is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained. You should do your own thorough research before making any investment decisions and seek advice from an independent financial advisor.

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