GOLD Price Forecast and Analysis September 23 — 27, 2019


GOLD completes the trading week near the area of ​​1503. XAU/USD quotes continue to move as part of the correction and the rising channel. Moving averages indicate a bullish trend for GOLD, which has just begun to develop. At the moment, we should expect an attempt to reduce and test the support level near the area of ​​1465. Further, the continuation of the growth of the price of GOLD with a potential target above the level of 1625.

GOLD Price Forecast and Analysis September 23 — 27, 2019

In favor of the rise in quotations and GOLD prices in the current trading week from September 23 to 27, 2019, a test of the ascending trend line on the relative strength index (RSI) will come out. The second signal will be a rebound from the lower border of the bullish channel. Cancellation of the growth option for XAU/USD quotes will be a fall and a breakdown of the area of ​​1405. This will indicate a breakdown of the lower border of the channel and a continued fall in the price of GOLD with a target below the level of 1335. A confirmation of the development of growth will be a breakdown of the resistance area and closing above the level of 1565.

GOLD Price Forecast and Analysis September 23 — 27, 2019

GOLD Price Forecast and Analysis September 23 — 27, 2019 suggests an attempt to test the support level near the area of ​​1465. Then, the continuation of the growth of GOLD prices with the target above the level of 1625. A trend line test on the relative strength index (RSI) will be in favor of raising the quotes. Cancellation of the Gold growth option will be a fall and a breakdown of the level of 1405. This will indicate a continued decline in quotations to the area below the level of 1335.


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