Gold Forecast: Trading Along An Uptrend
Forex Million | Mar 25, 2015 02:07AM ET
Gold Main scenario:
The pair is trading along an uptrend.
The uptrend may be expected to continue while pair is trading above support level 1188, which will be followed by reaching resistance level 1201.
Alternative scenario:
An downtrend will start as soon, as the pair drops below support level 1184, which will be followed by moving down to support level 1173.
Previous forecast:
Weekly Forecast, 23 - 27 March
Main scenario:
The pair is trading along an downtrend.
The downtrend may be expected to continue while pair is trading below resistance level 1188, which will be followed by reaching support level 1160 and if it keeps on moving down below that level, we may expect the pair to reach support level 1134.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1184, which will be followed by moving up to resistance level 1201 and then to 1234.
Previous forecast:
Monthly forecast, March - April
Main scenario:
The pair is trading along an downtrend.
The downtrend may be expected to continue while pair is trading below resistance level 1234, which will be followed by reaching support level 1167 and then to 1134.
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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 1325.
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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