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GOLD, will start downtrend below 1520 with target to 1511


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GOLD, Tuesday forecast, September 24
An downtrend will start as soon, as the pair drops below support level 1520, which will be followed by moving down to support level 1511 - 1506.
An uptrend will start as soon, as the pair rises above resistance level 1524, which will be followed by moving up to resistance level 1534.

Weekly forecast, September 23 - 27
The uptrend may be expected to continue, while pair is trading above support level 1506, which will be followed by reaching resistance level 1523 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 1534.
An downtrend will start as soon, as the pair drops below support level 1506, which will be followed by moving down to support level 1493 - 1488.



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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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