Gold Main scenario:
The pair is trading along an downtrend.
The uptrend may be expected to continue while pair is trading above support level 1222, which will be followed by reaching resistance level 1201.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1222, which will be followed by moving up to resistance level 1234.
Previous forecast:
Weekly Forecast, 02 - 06 March
Main scenario:
The pair is trading along an downtrend.
The uptrend may be expected to continue while pair is trading above support level 1222, which will be followed by reaching resistance level 1201 and then to 1188.
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 1256 and then to 1293.
Previous forecast:
Monthly forecast, March - April
Main scenario:
The pair is trading along an downtrend.
The downtrend may be expected to continue while pair is trading below resistance level 1234, which will be followed by reaching support level 1167 and then to 1134.
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 1325.
Previous forecast:
Long-term Forecast: January - June 2015
Main scenario:
The pair is trading along an 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: