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GOLD, correction to 1522 while trading above 1497


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GOLD, Wednesday forecast, August 14
The uptrend may be expected to continue, while pair is trading above support level 1497, which will be followed by reaching resistance level 1511 and 1522.
An downtrend will start as soon, as the pair drops below support level 1497, which will be followed by moving down to support level 1479.

Weekly forecast, August 12 - 16
The uptrend may be expected to continue, while pair is trading above support level 1489, which will be followed by reaching resistance level 1522 - 1532.
An downtrend will start as soon, as the pair drops below support level 1488, which will be followed by moving down to support level 1470 and 1446.



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About the author


Anton started to study FOREX market in 2003. Since 2007, started to offer analytical forecasts for the major currency pairs and for gold prices in order to better understand the market and to assist to traders to identify the main key market levels. From 2014 started trading on futures market.

His current trading instruments in currency and commodity markets: eurusd, gold, wti crude oil, brent crude oil, natural gas, s&p500, dow jones, dax, soybeans

Anton graduate economist, graduated from university with degree in Banking.

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