Gold, uptrend to 1523 while trading above 1511.4

Anton Kolhanov Anton Kolhanov

Gold, Monday forecast, September 23

The uptrend may be expected to continue, while pair is trading above support level 1511.4, which will be followed by reaching resistance level 1524.
An downtrend will start as soon, as the pair drops below support level 1511.4, which will be followed by moving down to support level 1506.

Weekly forecast, September 23 - 27

The uptrend may be expected to continue, while pair is trading above support level 1506, which will be followed by reaching resistance level 1523 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 1534.
An downtrend will start as soon, as the pair drops below support level 1506, which will be followed by moving down to support level 1493 - 1488.

Author

Anton Kolhanov

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

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