Gold forecast for the week of October 3, 2016, Technical Analysis

Gold markets fell slightly during the course of the week, as we continue to bounce around the $1320 level. At this point in time, I’m waiting to see whether or not we get some type of supportive candle that I can serve buying as the market is most certainly in an uptrend, and we most certainly have quite a bit of support near the $1300 level. A break higher should send this market looking to the $1400 level below, and then eventually break above there. At this point, I have no interest in selling this market.