Gold Forecast February 15 – 19, 2021

Gold Forecast : Uptrend scenario – An uptrend will start as soon, as the market rises above resistance level 1880, which will be followed by moving up to resistance level 1951.

AND

Downtrend scenario – The downtrend may be expected to continue, while market is trading below resistance level 1880, which will be followed by reaching support level 1780.

Gold Fundamental Analysis

Conditions in currency and interest rates sectors showing fair price on the level 1750, but new covid wave and lockdown increase creating uptrend pressure.

Gold Monthly Forecast, January – February 2021

Gold Forecast : Uptrend scenario – The uptrend may be expected to continue, while market is trading above support level 1857, which will be followed by reaching resistance level 1950.

AND

Downtrend scenario – An downtrend will start as soon, as the market drops below support level 1957, which will be followed by moving down to support level 1780 and if it keeps on moving down below that level, we may expect the market to reach support level 1680.

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