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06.04.2022: Forex Analysis & Reviews: Trading plan for Gold for April 06, 2022
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Forex forecast 13/10/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-10-13 UTC+3
Forex forecast 09/10/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-10-09 UTC+3
Forex forecast 08/10/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-10-08 UTC+3
Forex forecast 07/10/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-10-08 UTC+3
Forex forecast 06/10/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-10-06 UTC+3
Forex forecast 05/10/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-10-05 UTC+3
Forex forecast 30/09/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-09-30 UTC+3
Forex forecast 29/09/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-09-29 UTC+3
Forex forecast 28/09/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-09-28 UTC+3
Forex forecast 24/09/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-09-25 UTC+3
Forex forecast 23/09/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-09-23 UTC+3
Forex forecast 22/09/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-09-22 UTC+3
Forex forecast 21/09/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-09-21 UTC+3
Forex forecast 09/09/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-09-21 UTC+3
Forex forecast 09/09/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-09-21 UTC+3
Forex forecast 08/09/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-09-21 UTC+3
Forex forecast 07/09/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-09-21 UTC+3
Forex forecast 04/09/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-09-04 UTC+3

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Technical outlook:

Gold prices have been drifting sideways within a potential triangle since $1,949 level recently. The yellow metal has been unfolding a decreasing resistance and constant support consolidation and is expected to break lower towards $1,915 mark before finding support again. Bulls will remain inclined to hold prices above $1,890 levels to keep the short term bullsh structure intact.

Gold had earlier dropped from $2,070 through $1,890 carving the first bearish downswing in last several weeks. The same is being retraced for now and prices are expected to push through $1,960 and up to $2,000-10 mark before resuming lower again. The yellow metal may find potential support around $1,915 before resuming higher through $1,960 at least.

Also note that $2,000 is a formidable resistance since it is close to the Fibonacci 0.618 retracement of the above drop between $2,070 and $1,890 levels respectively. A push above $1,950 will accelerate the counter trend rally towards $2,000 mark before resuming lower again. The downside potential remains below $1,670 going forward.

Trading plan:

Potential rally through $2,000 mark against $1,890, then turn lower.

Good luck!

*Disclaimer: The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Oscar Ton,
Analytical expert of InstaForex
© 2007-2026
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