Gold
Main scenario:
The pair is trading along an uptrend.
The uptrend may be expected to continue while pair is trading above support level 1304, which will be followed by reaching resistance level 1320 - 1327.
Alternative scenario:
A downtrend will start as soon as the pair drops below support level 1304, which will be followed by moving down to support level 1296 and if it keeps on moving down below that level, we may expect the pair to reach support level 1278.
Previous forecast:
Weekly Forecast: 07 - 11 April
Main scenario:
The pair is trading along an uptrend.
The uptrend may be expected to continue while pair is trading above support level 1293, which will be followed by reaching resistance level 1334 - 1352.
Alternative scenario:
A downtrend will start as soon as the pair drops below support level 1293, which will be followed by moving down to support level 1269.
Previous forecast:
Monthly forecast: April - May
Main scenario:
The pair is trading along an downtrend.
An uptrend will start from current price level 1300, which will be followed by moving up to resistance level 1352.
Alternative scenario:
A downtrend will start as soon as the pair drops below support level 1269, which will be followed by moving down to support level 1234.
Previous forecast:
Long-term Forecast: March - May
Main scenario:
The pair is trading along an sideways trend.
An uptrend will start as soon, as the pair rises above resistance level 1392, which will be followed by moving up to resistance level 1560.
Alternative scenario:
A downtrend will start as soon as the pair drops below support level 1234, which will be followed by moving down to support level 1080 - 975.