Gold Forecast: Trading Along Sideways Trend
Forex Million | Apr 15, 2015 06:22AM ET
Gold Main scenario:
The pair is trading along a sideways trend.
An uptrend will start as soon, as the pair rises above resistance level 1195, which will be followed by moving up to resistance level 1200 and then to 1208.
Alternative scenario:
An downtrend will start as soon, as the pair drops below support level 1185, which will be followed by moving down to support level 1170.
Previous forecast:
Weekly Forecast, 13 - 17 April
Main scenario:
The pair is trading along a downtrend (from resistance level 1215).
The downtrend may be expected to continue while pair is trading below resistance level 1215, which will be followed by reaching support level 1194, 1183, 1170 and 1160.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1215, which will be followed by moving up to resistance level 1231.
Previous forecast:
Monthly forecast, April
Main scenario:
The pair is trading along an uptrend.
The uptrend may be expected to continue while pair is trading above support level 1160, which will be followed by reaching resistance level 1238 - 1256.
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Alternative scenario:
An downtrend will start as soon, as the pair drops below support level 1160, which will be followed by moving down to support level 1080.
Previous forecast:
Long-term Forecast: January - June 2015
Main scenario:
The pair is trading along a 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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