GOLD, uptren will continue above 1429.50 with target on 1439 - 1446

Anton Kolhanov Anton Kolhanov

GOLD, Monday forecast, July 22

An uptrend will start as soon, as the pair rises above resistance level 1429.80, which will be followed by moving up to resistance level 1439 and 1446.50.

An downtrend will start as soon, as the pair drops below support level 1424, which will be followed by moving down to support level 1415.50.

Weekly forecast, July 22 - 26

The uptrend may be expected to continue, while pair is trading above support level 1415, which will be followed by reaching resistance level 1446 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 1470.

An downtrend will start as from resistance 1446, as the pair drops below support level 1415, which will be followed by moving down to support level 1398 and if it keeps on moving down below that level, we may expect the pair to reach support level 1350

Author

Anton Kolhanov

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

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