GOLD: forecast weekly, 04/25 – 04/29
After the gold’s market had reached the last week’s forecasted target level – 1517, it is now trading along an uptrend. The price is also approaching key resistance 1522. If the gold rises above that resistance, the market’s next upside target will be set at level 1558.
Support is located at mark 1493. In case the market drops below it, a downtrend will start with the downside targets set at support levels 1475 and then 1452.
Resistance: 1522, 1558
Support: 1493, 1475, 1452
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