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Gold Forecast: September 12, 2013

Published 09/12/2013, 03:37 AM
Updated 07/09/2023, 06:31 AM
XAU/USD

The pair is trading along a sideways trend.

The downtrend may be expected to continue in the case the market drops below the support level of $1,354, which will be followed by reaching support level $1,346 and then $1,332.

An uptrend will start as soon as the pair rises above the resistance level of $1,368, which will be followed by moving up to the resistance level $1,376 and then $1,385.

Supports: 1354, 1346, 1332

Resistances: 1368, 1376, 1385

<span class=XAU/USD" width="739" height="492">

Latest comments

Tapering of bond purchasing tend to lower Gold prices near future.
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