Main scenario:
Gold is trading along a downtrend with target on 1208.
Alternative scenario:
An uptrend will start as soon as it rises above resistance level 1222, which will be followed by moving up to resistance level 1237.
Previous forecast:
Weekly forecast, Mar 28 - 01 Apr: downtrend with target to 1190
Main scenario:
Gold is trading along a downtrend that may be expected to continue while it is trading below resistance level 1237.
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.
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:
The pair 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 the 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.