Gold Weekly Outlook (January 4 – 8, 2020)
Gold Uptrend scenario :
The uptrend may be expected to continue in case the market rises above resistance level 1906, which will be followed by reaching resistance level 1950.
Gold Downtrend scenario :
An downtrend will start as soon, as the market drops below support level 1875, which will be followed by moving down to support level 1850 and if it keeps on moving down below that level, we may expect the market to reach support level 1819.