Gold - Main scenario:
The pair is trading along an uptrend.
The uptrend may be expected to continue while pair is trading above support level 1287, which will be followed by reaching resistance level 1300 and then to 1307.
Alternative scenario:
A downtrend is not expecting today, but possible to have correction on the support level 1287.
Previous forecast:
Weekly Forecast, 04 - 08 August
Main scenario:
The pair is trading along a sideways trend.
An uptrend is already started from support level 1287, which will be followed by moving up to resistance level 1307 and then to 1327.
Alternative scenario:
A downtrend will start as soon, as the pair drops below support level 1282, which will be followed by moving down to support level 1260 and 1250.
Previous forecast:
Monthly forecast, August - September (updated 08/04/14)
Main scenario:
The pair is trading along a sideways trend.
An uptrend is already started from support level 1287 -1282, which will be followed by moving up to resistance level 1327 and then to 1360.
Alternative scenario:
A downtrend will start as soon, as the pair drops below support level 1282, which will be followed by moving down to support level 1250.
Previous forecast:
Long-term Forecast: May - August
Main scenario:
The pair is trading along an downtrend.
The downtrend may be expected to continue while pair is trading below resistance level 1560, which will be followed by reaching support level 1182 and then to 975 - 878.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1560, which will be followed by moving up to resistance level 1747 and then to 2000.