#Gold trend is slightly bullish.
The major key levels are $2070 and $2000 supply, $1900 to $1915 demand, $1866 and $1816.
The price has tested $1900 demand zone a few times and it is acting as a strong support. Gold is expected to extend its sideways phase within its long-term uptrend. The consolidation pattern is not expected to change until we get some clarity on the path of the US dollar, US fiscal stimulus, the US election and general risk mood.
This is Gold #forecast and not a signal.
The major key levels are $2070 and $2000 supply, $1900 to $1915 demand, $1866 and $1816.
The price has tested $1900 demand zone a few times and it is acting as a strong support. Gold is expected to extend its sideways phase within its long-term uptrend. The consolidation pattern is not expected to change until we get some clarity on the path of the US dollar, US fiscal stimulus, the US election and general risk mood.
This is Gold #forecast and not a signal.