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GOLD today's market forecast 01/13/12

13 January 2012
Today's forecast
The pair is trading along an downtrend.
The downtrend may be expected to continue in case the market drops below support level 1638, which will be followed by reaching support level 1623.

An uptrend will start as soon as the pair rises above resistance level 1645, which will be followed by moving up to resistance level 1656.

Resistances: 1645, 1656, 1664
Supports: 1638, 1623, 1607

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Forecast weekly, January 09 - 13
The pair is trading along an uptrend.
 The uptrend may be expected to continue in case the market rises above resistance level 1630, which will be followed by reaching resistance level 1682.

An downtrend will start as soon as the pair drops below support level 1610, which will be followed by moving down to support level 1566 .

Resistance: 1623, 1630, 1641, 1682
Support: 1610, 1598, 1566, 1642

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Forecast monthly, December

The pair is trading along an uptrend.
The uptrend may be expected to continue in case the market rises above resistance level 1758, which will be followed by reaching resistance level 1778 and then 1825.

An downtrend will start as soon as the pair drops below support level 1743, which will be followed by moving down to support level 1662 and then 1622.

Resistances: 1758, 1787, 1825, 1882
Supports: 1743, 1680, 1662, 1622, 1566

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