Gold’s Sideways Trend: 1237-1248
Anton Kolhanov | Apr 28, 2016 06:05AM ET
Main scenario:
Gold is trading along an sideways trend between resisntance 1248 and support 1237.
An downtrend will start as soon, as the pair drops below support level 1237, which will be followed by moving down to support level 1219, 1207.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1258, which will be followed by moving up to resistance level 1282.
previous forecast:
/h2
Main scenario:
Gold is trading along an sideways trend between support 1241 and resistance 1260.
An downtrend will start as soon, as the pair drops below support level 1241, which will be followed by moving down to support level 1215.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1260, which will be followed by moving up to resistance level 1282.
previous forecast:
Monthly forecast, April 2016: downtrend to 1190 and then 1134
Main scenario:
Gold is trading along an downtrend with target on 1190 and if it keeps on moving down below that level, we may expect the pair to reach support level 1134, in another way market can have a correction to resistance 1225.
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Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1241, which will be followed by moving up to resistance level 1260 and 1282.
previous forecast:
Quarterly forecast, January - March, 2016
Main scenario:
Gold is trading along an downtrend with target on 970, that may be expected to continue, while pair is trading below resistance level 1095.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1095, which will be followed by moving up to resistance level 1190.
previous forecast:
Main scenario:
Gold is trading along an 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 correcton on resistance level 1190.
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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