Spot Gold Forecast: Gold Price Sustain Near $1903

Spot Gold Forecast: Gold Current TrendGold price are consolidating near $1903 in the morning session after a moderate increase the day before, which was supported by the weakness of USD. The US currency remains under significant pressure after last Friday’s US labor market report for May reflected slower-than-expected growth in Nonfarm Payrolls.

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GOLD Weekly Forecast (January 22 – 29, 2020)

Gold Uptrend Forecast :

Gold weekly forecast uptrend may be expected to continue, while market is trading above support level $1827, which will be followed by reaching resistance level $1875 and if it keeps on moving up above that level, we may expect the market to reach resistance level $1905.

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