Latest Gold Weekly Forecast: 1920-$1912 to $1935-$1943
Gold's closing above $1896 for the 2nd consecutive week indicates continuation of Bullish Trend. For Monday opening, Gold needs to hold above $1920 support which will help it to continue with its upside momentum reaching $1935 again above which $1943 sits as next Resistance cum Target.
Weakness below $1920 may be seen as willingness to decline to $1912 which is another support failing which $1896 horizontal support gets exposed.
On a broader perspective Gold will require holding above this $1896 demand zone to resume uptrend which has major upside Target at $1972
Sustained break below $1896 will put brakes on Bullish momentum triggering a sell off towards $1880
Short Term Support : $1920-$1912
Short Term Resistance : $1935-$1943
Major Support : $1896-$1880
Major Resistance : $1956-$1972
Weakness below $1920 may be seen as willingness to decline to $1912 which is another support failing which $1896 horizontal support gets exposed.
On a broader perspective Gold will require holding above this $1896 demand zone to resume uptrend which has major upside Target at $1972
Sustained break below $1896 will put brakes on Bullish momentum triggering a sell off towards $1880
Short Term Support : $1920-$1912
Short Term Resistance : $1935-$1943
Major Support : $1896-$1880
Major Resistance : $1956-$1972
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.