rounded corner
rounded corner
top border

GOLD will continue uptrend above 1475 with target on 1487


Bookmark and Share

GOLD, Tuesday forecast, November 19
Today no any strong news and market going to be trading technically.

Forecast and technical analysis
Uptrend
The uptrend may be expected to continue in case the market rises above resistance level 1475.3, which will be followed by reaching resistance level 1487.
Downtrend
An downtrend will start as soon, as the pair drops below support level 1469, which will be followed by moving down to support level 1458.

Weekly forecast, November 18 - 22
This week before Wednesday we do not have important news, so this can be the reason for markets correction, where key support gold have on 1457 and resistance 1473.

Most important news of this week
Wednesday: FOMC Meeting Minutes
Friday: EU and US PMIs

Forecast and technical analysis
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.



Recent articles from this author



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.

Published by Barchart
Home  •  Charts & Quotes  •  Commentary  •  Authors  •  Education  •  Broker Search  •  Trading Tools  •  Help  •  Contact  •  Advertise With Us  •  Commodities
Markets: Currencies  •   Energies  •   Financials  •   Grains  •   Indices  •   Meats  •   Metals  •   Softs

The information contained on InsideFutures.com is believed to be accurate but is not guaranteed. Market data is furnished on an exchange delayed basis by Barchart.com. Data transmission or omissions shall not be made the basis for any claim, demand or cause for action. No information on the site, nor any opinion expressed, constitutes a solicitation of the purchase or sale of any futures or options contracts. InsideFutures.com is not a broker, nor does it have an affiliation with any broker.


Copyright ©2005-2019 InsideFutures.com, a Barchart.com product. All rights reserved.

About Us  •   Sitemap  •   Terms of Use  •   Privacy Policy