Morning BriefingGold (1245) and Silver (16.33) are hovering around the second crucial Resistance of 1246 and 16.50 respectively. A break above 1245 is necessary for gold to remain bullish towards 1260 for the near term else a fall below 1230 could take it lower towards 1220. Silver is trading within the range of 16.20-16.50 and a close above 16.50 could open up 16.90 levels as well.
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July Quarterly Forecast
Our July-17 Quarterly forecast is now available. To order a PAID copy, please click here and take a trial of our service.
July Calendar Wallpaper
Gold is in a long-term downtrend since 1921 (Sep '11). Last year, there was a corrective bounce from 1045 (Dec '15) which may well have finished at the July 2016 high of 1375 and the long term downtrend may have resumed from there. Download July'17 Wallpaper
Euro Longterm Forecast
Need Euro, Yen and Aussie forecasts for business costing and planning your hedges? You may also be interested in other long term forecasts