Gold Main scenario:
The pair is trading along a downtrend.
The downtrend may be expected to continue while pair is trading below resistance level 1203, which will be followed by reaching support level 1188.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1203, which will be followed by moving up to resistance level 1212.
Previous forecast:
Weekly Forecast, 23 - 27 February
Main scenario:
The pair is trading along a downtrend.
The downtrend may be expected to continue in case the market drops below support level 1188, which will be followed by reaching support level 1167.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1212, which will be followed by moving up to resistance level 1234 and then to 1256.
Previous forecast:
Monthly forecast, January
Main scenario:
The pair is trading along a sideways trend.
Start of local downtrend wave we can expect from resistance level 1234, which will be followed by moving down to support level 1188 and 1172.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1234, which will be followed by moving up to resistance level 1283.
Previous forecast:
Long-term Forecast: January - June 2015
Main scenario:
The pair is trading along a 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: