Gold Main scenario:
The pair is trading along a downtrend with target on 1052.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1084, which will be followed by moving up to resistance level 1107.
Monthly forecast, November 2015
Main scenario:
The pair is trading along a downtrend with target on 1093, that may be expected to continue, while pair is trading below resistance level 1160.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1160, which will be followed by moving up to resistance level 1190.
Long-term Forecast: September - November, 2015
Main scenario:
The pair is trading along a downtrend with target on 970 - 880 and may be expected to continue, while pair is trading below resistance level 1170.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1170, which will be followed by moving up to resistance level 1325 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 1560 or we will have correction to 1170.