Gold Main scenario:
The pair is trading along a downtrend.
The downtrend may be expected to continue in case the market drops below support level 1172, which will be followed by reaching support level 1160.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1181, which will be followed by moving up to resistance level 1187.
Previous forecast:
Weekly Forecast, 22 - 26 June
Main scenario:
The pair is trading along a downtrend.
The downtrend may be expected to continue in case the market drops below support level 1172, which will be followed by reaching support level 1160.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1187, which will be followed by moving up to resistance level 1212.
Previous forecast:
Monthly forecast, June
Main scenario:
The pair is trading along a downtrend.
The downtrend may be expected to continue while pair is trading below resistance level 1212, which will be followed by reaching support level 1178 and then to 1160.
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 1250.
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: