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Gold Technicals In Sideways Trend

Published 04/24/2015, 07:58 AM
Updated 07/09/2023, 06:31 AM

Main scenario:

XAU/USD is trading along a sideways trend with target on support level 1187.
An uptrend will start as soon, as the pair rises above resistance level 1193, which will be followed by moving up to resistance level 1202.

Alternative scenario:
An downtrend will start as soon, as the pair drops below support level 1187, which will be followed by moving down to support level 1170.

1-Hour Gold
Previous forecast:
Previous 1-Hour Gold

Weekly Forecast, 20 - 24 April

Main scenario:
The pair is trading along an downtrend.
The downtrend may be expected to continue while pair is trading below resistance level 1213, which will be followed by reaching support level 1187 and then to 1160.

Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1213, which will be followed by moving up to resistance level 1231.

4-Hour Gold
Previous forecast:
Previous 4-Hour Gold

Monthly forecast, April

Main scenario:
The pair is trading along an uptrend.
The uptrend may be expected to continue while pair is trading above support level 1160, which will be followed by reaching resistance level 1238 - 1256.

Alternative scenario:
An downtrend will start as soon, as the pair drops below support level 1160, which will be followed by moving down to support level 1080.

Gold Vs. The USD
Previous forecast:
Previous Gold Vs. The USD

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.
Monthly Gold Vs. The USD

Weekly Gold Vs. The USD

Previous forecast:
Previous Weekly Gold Vs. The USD

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