SPOT GOLD WEEKLY FORECAST 08-Aug to 12-Aug 2022

Spot Gold Weekly Forecast (August 8 โ€“ 12, 2022)

Gold Uptrend Key Level ๐Ÿ‘ˆ๏ธ๐Ÿ‘ˆ๏ธ๐Ÿ‘ˆ๏ธ

The uptrend may be expected to continue in case the market rises above resistance level $1800, which will be followed by reaching resistance level $1820 โ€“ $1840.

Gold Downtrend Key Level ๐Ÿ‘ˆ๏ธ๐Ÿ‘ˆ๏ธ๐Ÿ‘ˆ๏ธ

An downtrend will start from resistance $1747 or as soon, as the market drops below support level 1717, which will be followed by moving down to support level 1676.

Monthly Forecast, August 2022

Gold Uptrend Key Level ๐Ÿ‘ˆ๏ธ๐Ÿ‘ˆ๏ธ๐Ÿ‘ˆ๏ธ

The uptrend may be expected to continue in case the market rises above resistance level $1800, which will be followed by reaching resistance level $1875.

Gold Downtrend Key Level ๐Ÿ‘ˆ๏ธ๐Ÿ‘ˆ๏ธ๐Ÿ‘ˆ๏ธ

An downtrend will start from resistance $1800, which will be followed by moving down to support level $1672 and if it keeps on moving down below that level, we may expect the market to reach support level $1580.

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