Main scenario:
Gold is trading along a sideways trend between 1227 and resistance 1237.
The downtrend may be expected to continue if the market drops below support level 1227, which will be followed by reaching support level 1213.
Alternative scenario:
An uptrend will start as soon as it rises above resistance level 1237, which will be followed by moving up to resistance level 1260 - 1266.
Previous forecast:
Weekly forecast, Mar 14 - 18: sideways trend between 1237 - 1287
Main scenario:
Gold is trading along a sideways trend between support 1237 and resistance 1287.
A downtrend will start as soon as it drops below support level 1237, which will be followed by moving down to support level 1211 and 1190.
Alternative scenario:
The uptrend may be expected to continue in case the market rises above resistance level 1287, which will be followed by reaching resistance level 1318.
Previous forecast:
Monthly forecast, March 2016: sideways trend between 1190 and 1253
Main scenario:
Gold is trading along a sideways trend between support 1190 and resistance 1253.
A downtrend will start as soon as it drops below support level 1190, which will be followed by moving down to support level 1114.
Alternative scenario:
An uptrend will start as soon as it rises above resistance level 1253, which will be followed by moving up to resistance level 1282 and 1318.
Previous forecast:
Quarterly forecast, January - March, 2016
Main scenario:
Gold is trading along a downtrend with target on 970, that may be expected to continue while it is trading below resistance level 1095.
Alternative scenario:
An uptrend will start as soon as it rises above resistance level 1095, which will be followed by moving up to resistance level 1190.
Previous forecast:
Yearly forecast, 2016
Main scenario:
Gold is trading along a downtrend with target on 970, and if it keeps on moving down below that level, we may expect it to reach support level 670. In other way from 970 we can expect correcton on resistance level 1190.
Alternative scenario:
An uptrend will start as soon as it rises above resistance level 1325, which will be followed by moving up to resistance level 1560 - 1750.
