Gold In Sideways Trend
Forex Million | Jul 10, 2015 05:29AM ET
Main scenario:
The pair is trading along an sideways trend.
An downtrend will start as soon, as the pair drops below support level 1158, which will be followed by moving down to support level 1153.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1166, which will be followed by moving up to resistance level 1181 and then to 1172.
Previous forecast:
Weekly Forecast, 06 - 10 July
Main scenario:
The pair is trading along an sideways trend.
An downtrend will start as soon, as the pair drops below support level 1153, which will be followed by moving down to support level 1136.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1172, which will be followed by moving up to resistance level 1201.
Previous forecast:
Monthly forecast, July
Main scenario:
The pair is trading along an downtrend.
The downtrend may be expected to continue in case the market drops below support level 1153, which will be followed by reaching support level 1080.
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Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1201, which will be followed by moving up to resistance level 1250.
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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