Gold: Uptrend will start if it rises above 1817.8

Anton Kolhanov Anton Kolhanov

GOLD, (GC) Futures market

Wednesday forecast, July 15

Uptrend

An uptrend will start as soon, as the pair rises above resistance level 1817.8, which will be followed by moving up to resistance level 1829.8.

Downtrend

The downtrend may be expected to continue, while pair is trading below resistance level 1817.8, which will be followed by reaching support level 1801.8 - 1787.

Weekly forecast, July 13 - 17

Uptrend

The uptrend may be expected to continue, while pair is trading above support level 1787, which will be followed by reaching resistance level 1847 - 1875.

Downtrend

An downtrend will start as soon, as the pair drops below support level 1787, which will be followed by moving down to support level 1756 - 1683.

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

An 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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