Wednesday forecast (September 31, 2022)

Uptrend scenario

An uptrend will start as soon, as the market rises above resistance level 1740, which will be followed by moving up to resistance level 1758.

Downtrend scenario

The downtrend may be expected to continue, while market is trading below resistance level 1740, which will be followed by reaching support level 1714.5.

Gold

Weekly forecast (August 29 – September 2, 2022)

Uptrend scenario

An uptrend will start as soon, as the market rises above resistance level 1778.8, which will be followed by moving up to resistance level 1808 – 1826.

Downtrend scenario

The downtrend may be expected to continue, while market is trading below resistance level 1778.8, which will be followed by reaching support level 1696.

Gold

Previous week forecast

Gold

Monthly forecast, August 2022

Uptrend scenario

The uptrend may be expected to continue in case the market rises above resistance level 1786, which will be followed by reaching resistance level 1876.

Downtrend scenario

An downtrend will start from resistance 1786, which will be followed by moving down to support level 1676 and if it keeps on moving down below that level, we may expect the market to reach support level 1557.

Gold

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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