XAU/USD Long term forecast
GOLD continues to move within the correction and the downward channel. At the time of the publication of the forecast, the price of GOLD is 1781 Dollars per Troy Oz.
At the moment, we should expect that the price will break below the channel support and fall all the way down to the first demand area at $1700-$1650.
If the first demand zone will be broken, we can expect that the price will continue in a downtrend until hit the second demand zone at the BRN level of $1500.
At the moment, we should expect that the price will break below the channel support and fall all the way down to the first demand area at $1700-$1650.
If the first demand zone will be broken, we can expect that the price will continue in a downtrend until hit the second demand zone at the BRN level of $1500.
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