weekly gold prices forecast

Last week gold prices crashed from 1135$ till 1104$ then friday it fired from 1104$ till 1140$ so it was a quite roller coaster ride , gold finally closed at 1138$ it gave almost a heart attack to all bears in last some trading hours as it fired on sided and a one sided fire , now if gold price click our weekly gold resistance at 1171$ and close above our resistance then expect gold prices to fire upto 1200$ – 1240$ and even more

If gold price click our weekly gold support at 1090$ and close below our major weekly technical support then expect major crash in gold prices upto 1055$ – 1020$ and even more crash not ruled after that

Gold weekly forecast conclusion : Gold trend is still weak so avoid major buy trade

More will update in daily gold forecast

Posted in: Gold Silver Updates

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