Gold Main scenario:
The pair is trading along an uptrend with target on 1176 - 1190, that may be expected to continue, while pair is trading above support level 1156.
Alternative scenario:
A downtrend will start as soon, as the pair drops below support level 1156, which will be followed by moving down to support level 1142.
previous forecast:
Weekly forecast: going to reach main resistance level 1190
Main scenario:
The pair is trading along an uptrend with target on 1190 and may be expected to continue, while pair is trading above support level 1156.
Alternative scenario:
A downtrend will start as soon, as the pair drops below support level 1156, which will be followed by moving down to support level 1024.
previous forecast:
Monthly forecast, February 2016: uptrend is continuce to 1135
Main scenario:
The pair is trading along an uptrend with target on 1135 and may be expected to continue, while pair is trading above support level 1108. If arket will keeps on moving up above 1135, we may expect the pair to reach resistance level 1190.
Alternative scenario:
A downtrend will start as soon, as the pair drops below support level 1108, which will be followed by moving down to support level 1088 and then to 1055.
previous forecast:
Quarterly forecast, January - March, 2016
Main scenario:
The pair is trading along a downtrend with target on 970, that may be expected to continue, while pair is trading below resistance level 1095.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1095, which will be followed by moving up to resistance level 1190.
previous forecast:
Yearly forecast, 2016
Main scenario:
The pair is trading along a downtrend with target on 970, and if it keeps on moving down below that level, we may expect the pair to reach support level 670, but in other way from 970 we can expect correction on resistance level 1190.
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 - 1750.
