Gold And USD
Forex Million | Feb 27, 2015 04:25AM ET
XAU/USD Main scenario:
The pair is trading along an downtrend.
The downtrend may be expected to continue in case the market drops below support level 1212, which will be followed by reaching support level 1201.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1212, which will be followed by moving up to resistance level 1218.
Previous forecast:
Weekly Forecast, 23 - 27 February
Main scenario:
The pair is trading along an downtrend.
The downtrend may be expected to continue in case the market drops below support level 1188, which will be followed by reaching support level 1167.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1212, which will be followed by moving up to resistance level 1234 and then to 1256.
Previous forecast:
Monthly forecast, January
Main scenario:
The pair is trading along an sideways trend.
Start of local downtrend wave we can expect from resistance level 1234, which will be followed by moving down to support level 1188 and 1172.
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Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1234, which will be followed by moving up to resistance level 1283.
Previous forecast:
Long-term Forecast: January - June 2015
Main scenario:
The pair is trading along an downtrend.
The downtrend may be expected to continue while pair is trading below resistance level 1325, which will be followed by reaching support level 1080 and 975.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1325, which will be followed by moving up to resistance level 1560.
Previous forecast:
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