Gold: Activity Today And Long Term Forecast
Forex Million | Nov 25, 2014 02:34AM ET
Main scenario:
The pair is trading along an downtrend.
The uptrend may be expected to continue while pair is trading above support level 1201, which will be followed by reaching resistance level 1181.
Alternative scenario:
An uptrend is not expecting today.
Previous forecast:
Weekly Forecast, 24 - 28 November
Main scenario:
The pair is trading along an downtrend.
The downtrend may be expected to continue while pair is trading below resistance level 1207, which will be followed by reaching support level 1181 and then to 1135.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1207, which will be followed by moving up to resistance level 1245.
Previous forecast:
Monthly forecast, October - November
Main scenario:
The pair is trading along an downtrend.
The downtrend may be expected to continue in case the market drops below support level 1205, which will be followed by reaching support level 1186 and if it keeps on moving down below that level, we may expect the pair to reach support level 1135.
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Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1228, which will be followed by moving up to resistance level 1250 and then to 1285.
Previous forecast:
Long-term Forecast: May - August
Main scenario:
The pair is trading along an downtrend.
The downtrend may be expected to continue while pair is trading below resistance level 1560, which will be followed by reaching support level 1182 and then to 975 - 878.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1560, which will be followed by moving up to resistance level 1747 and then to 2000.
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