Gold Forecast
Main scenario:
The pair is trading along a downtrend.
The downtrend may be expected to continue while pair is trading below resistance level 1213, which will be followed by reaching support level 1193.
Alternative scenario:
An uptrend will start as soon as the pair rises above resistance level 1213, which will be followed by moving up to resistance level 1224.
Previous forecast:
Weekly Forecast, May 18th-22nd
Main scenario:
The pair is trading along an uptrend.
The uptrend may be expected to continue while pair is trading above support level 1213, which will be followed by reaching resistance level 1239 - 1250.
Alternative scenario:
A downtrend will start as soon as the pair drops below support level 1213, which will be followed by moving down to support level 1193 - 1179.
Previous forecast:
Monthly forecast, May
Main scenario:
The pair is trading along a downtrend.
The uptrend may be expected to continue while pair is trading above support level 1213, which will be followed by reaching resistance level 1160 and if it keeps on moving down below that level, we may expect the pair to reach support level 1100.
Alternative scenario:
An uptrend will start as soon as the pair rises above resistance level 1213, which will be followed by moving up to resistance level 1239 and then to 1282.
Previous forecast:
Long-term Forecast: January - June 2015
Main scenario:
The pair is trading along a downtrend.
The downtrend may be expected to continue while pair is trading below resistance level 1325, which will be followed by reaching support level 1080 and 975.
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.
Previous forecast: