this week gold price forecast

By | August 29, 2015

Gold prices tested 1170$ range on monday but then it showed retracement from every intraday high , gold prices looking exhausted for now and last week resistance would act as weekly resistance this week , so once gold prices click our resistance at 1170$ and close above our resistance price then expect gold to hit upto 1199$ – 1231$

If gold price click our weekly gold support at 1090$ and close below our gold weekly support then expect gold to resume its selling upto 1065$ – 1040$ this week

weekly gold forecast conclusion : Gold trend is positive but gold prices has shown a sign of small correction and last 2-3 days of week were big positive for world equity markets so its time to take a caution on gold buying side and wait for a clear signal to buy fresh in gold

More will update in daily gold gold price forecast

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