Finpro

Weekly Gold Forecast For November 18-22

 

Uptrend

The uptrend may be expected to continue, while pair is trading above support level 1457, which will be followed by reaching resistance level 1473 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 1487.

Downtrend

Downtrend is not expecting on this week, below 1457 we can reach next support on 1446 after that market will be trading sideways between levels 1446 – 1457

Monthly forecast, November – December

Downtrend

The downtrend may be expected to continue, while pair is trading below resistance level 1517.8, which will be followed by reaching support level 1487 and if it keeps on moving down below that level, we may expect the pair to reach support level 1459.

Uptrend

An uptrend will start as soon, as the pair rises above resistance level 1517.8, which will be followed by moving up to resistance level 1534 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 1556.8.

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