Gold Forecast

Published 01/03/2021, 09:01 PM
Updated 07/09/2023, 06:31 AM

Forecast Jan. 4 – 8, 2021

Uptrend scenario

The uptrend may be expected to continue in case the market rises above resistance level 1906, which will be followed by reaching resistance level 1950.

Downtrend scenario

A downtrend will start as soon, as the market drops below support level 1875, which will be followed by moving down to support level 1850 and if it keeps on moving down below that level, we may expect the market to reach support level 1819.
Chart Gold This/Next Week Forecast, Technical Analysis
Chart Gold This/Next Week Forecast, Technical Analysis

The Most Important News Of This Week 

Monday

Tuesday

Wednesday

Thursday

Friday

Fundamental Analysis

Conditions in currency and interest rates sectors showing fair price on the level 1750, but new covid wave and lockdown increase creating uptrend pressure.

Monthly Forecast, January 2021

Uptrend scenario

The uptrend may be expected to continue, while market is trading above support level 1857, which will be followed by reaching resistance level 1950.

Downtrend scenario

A downtrend will start as soon, as the market drops below support level 1957, which will be followed by moving down to support level 1780 and if it keeps on moving down below that level, we may expect the market to reach support level 1680.
Chart Gold Forecast 2020, Long-term Outlook, Technical Analysis

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.