Gold priced in Indian Rupees. Forecast until March 2024 in 1W TF
Gold price action despite showing bullish trend additionally gives mixed signals. The level of INR 171364 will play a major role throughout the whole period until mid March 2024.
Before the end of December 2023 the price might reach the top at INR 187394 and bottom of INR160816. The last week of October will show whether price action proceeds to go up or starts correction.
The last week of 2023 will define the trend for the next quarter. In mid March gold may rise up to INR 190725 and possible bottom might be at INR159637.
Major reversal weeks start on 20 November and 25 December.
"BUY, BUY, BUY!!" zone is below INR 171000
Before the end of December 2023 the price might reach the top at INR 187394 and bottom of INR160816. The last week of October will show whether price action proceeds to go up or starts correction.
The last week of 2023 will define the trend for the next quarter. In mid March gold may rise up to INR 190725 and possible bottom might be at INR159637.
Major reversal weeks start on 20 November and 25 December.
"BUY, BUY, BUY!!" zone is below INR 171000
