Dow Jones Gold forecast 2nd week March 2018

By | March 11, 2018

Weekly Gold forecast

Comex gold price remained flat despite good volumes . Gold made low near 1318$ but made high near 1340$ . It finally gave a close around 1322$ which leaves a confusion situation . This week we have a good support on xauusd chart at 1298$ , if traders take this base out and manage to close below our support . Then expect more pressure in gold price upto 1270$ – 1250$ .

A good resistance on xauusd chart stands at 1345$ , if traders take this hurdle out and manage to close above our resistance , then expect good firepower in gold price upto 1370$ – 1399$ this week .

Gold forecast conclusion : This week gold trend is flat to positive , keep an eye on daily levels .

Silver support at 16.20$ , resistance 17.05$ . Trend flat to positive .

Dow Jones forecast

Dow Jones recovered smartly from lows near 24000 and gave an outstanding close above 25200 . A good base on wall street index stands at 24800 , if traders take this base out and manage to close below our support . Then expect more pressure in DJIA upto 24500 – 24200 .

A good hurdle on wall street index stands at 25550 , if traders take this hurdle out and manage to close above our resistance , then expect good firepower in Dow Jones upto 25800 – 26000 .

Dow Jones forecast conclusion : Wall Street trend is positive .

More will update in daily forecast .

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