Spot Gold Weekly Forecast
Up trend report – Spot gold (Yellow Metal) An up trend will start soon, as the bullion market rises above hurdle key $1697, which will be followed by moving up to hurdle key 1752.
Down trend report – The down trend may be expected to continue, while market is trading below hurdle key $1697, which will be followed by reaching support key $1607 and if it keeps on moving down below that level, we may expect the market to reach support key $1555.
Spot Gold Monthly Forecast
Up trend report – Spot gold up-trend may be expected to continue, while market is trading above support level $1670, which will be followed by reaching resistance level $1840.
Down trend repor – An downtrend will start as soon, as the market drops below support key $1670, which will be followed by moving down to support key $1620 and $1555.