Gold price have correction to 1524 while traidng below 1534

New York (Sept 25)  The downtrend may be expected to continue, while pair is trading below resistance level 1534, which will be followed by reaching support level 1524 and if it keeps on moving down below that level, we may expect the pair to reach support level 1515.

 An uptrend will start as soon, as the pair rises above resistance level 1535, which will be followed by moving up to resistance level 1542.

XAUUSD

Weekly forecast, September 23 - 27

The uptrend may be expected to continue, while pair is trading above support level 1506, which will be followed by reaching resistance level 1523 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 1534.

 An downtrend will start as soon, as the pair drops below support level 1506, which will be followed by moving down to support level 1493 - 1488.

FXstreet

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