Gold Uptrend With Target On 1358
Anton Kolhanov | Jul 05, 2016 05:19AM ET
Gold
Main scenario:
The pair is trading along an uptrend with target on 1358.
A downtrend will start as soon as the pair drops below support level 1338, which will be followed by moving down to support level 1325.
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Alternative scenario:
A downtrend will start as soon as the pair drops below support level 1255, which will be followed by moving down to support level 1244.
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Previous forecast:
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Main scenario:
The pair is trading along an uptrend with target on 1395, that may be expected to continue, while pair is trading above support level 1325.
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Alternative scenario:
A downtrend will start as soon, as the pair drops below support level 1325, which will be followed by moving down to support level 1290.
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Previous forecast:
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Monthly forecast, July 2016: uptrend with target on 1395
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Main scenario:
The pair is trading along an uptrend with target on 1395, that may be expected to continue, while pair is trading above support level 1290.
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Alternative scenario:
A downtrend will start as soon, as the pair drops below support level 1290, which will be followed by moving down to support level 1212.
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Previous forecast:
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Quarterly forecast, July - September, 2016
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Main scenario:
The pair is trading along an uptrend with target on 1470, that may be expected to continue, while pair is trading above support level 1290.
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Alternative scenario:
A downtrend will start as soon, as the pair drops below support level 1290, which will be followed by moving down to support level 1212 and 1133.
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Previous forecast:
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Main scenario:
The pair is trading along a downtrend with target on 970, and if it keeps on moving down below that level, we may expect the pair to reach support level 670, but in other way from 970 we can expect correction on resistance level 1190.
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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 - 1750.
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