Daily forecast
Main scenario:
Gold is trading along an uptrend with target on 1282 and its may be expected to continue, while pair is trading above support level 1238.
Alternative scenario:
An downtrend will start as soon, as Gold drops below support level 1238, which will be followed by moving down to support level 1222.
Weekly forecast: going to reach main resistance level 1190
Main scenario:
Gold 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:
An downtrend will start as soon, as Gold drops below support level 1156, which will be followed by moving down to support level 1024.
Monthly forecast, February 2016: uptrend is continuce to 1135
Main scenario:
Gold 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 Gold to reach resistance level 1190.
Alternative scenario:
An downtrend will start as soon, as Gold drops below support level 1108, which will be followed by moving down to support level 1088 and then to 1055.
Quarterly forecast, January - March, 2016
Main scenario:
Gold is trading along an 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 Gold rises above resistance level 1095, which will be followed by moving up to resistance level 1190.
Yearly forecast, 2016
Main scenario:
Gold is trading along an downtrend with target on 970, and if it keeps on moving down below that level, we may expect Gold to reach support level 670, but in other way from 970 we can expect correcton on resistance level 1190.
Alternative scenario:
An uptrend will start as soon, as Gold rises above resistance level 1325, which will be followed by moving up to resistance level 1560 - 1750.
