Gold Tech Scenarios: September 25, 2015
Anton Kolhanov | Sep 25, 2015 02:07AM ET
Main scenario:
Gold is trading along an uptrend with target on 1160, that may be expected to continue, while pair is trading above support level 1145.
Alternative scenario:
An downtrend will start as soon, as the pair drops below support level 1145, which will be followed by moving down to support level 1140 and if it keeps on moving down below that level, we may expect the pair to reach support level 1132.
Weekly Forecast, 21 - 25 September
Main scenario:
The pair is trading along an uptrend with target on 1160.
Alternative scenario:
An downtrend will start as soon, as the pair drops below support level 1124, which will be followed by moving down to support level 1106.
Monthly forecast, September, 2015
Main scenario:
The pair is trading along a downtrend with target on 1080 and may be expected to continue, while pair is trading below resistance level 1170.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1170, which will be followed by moving up to resistance level 1224.
Long-term Forecast: September - November, 2015
Main scenario:
The pair is trading along a downtrend with target on 970 - 880 and may be expected to continue, while pair is trading below resistance level 1170.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1170, which will be followed by moving up to resistance level 1325 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 1560 or we will have correction to 1170.
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