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GOLD today's market forecast 02/02/12

2 February 2012
Today's forecast
The pair is trading along an uptrend.
The uptrend may be expected to continue from support level 1747, which will be followed by reaching resistance level 1760 - 1766.

An downtrend will start as soon as the pair drops below support level 1744, which will be followed by moving down to support level 1730.

Resistances: 1760, 1768 
Supports: 1747, 1740, 1738, 1730

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Forecast weekly, January 30 - 03 February
The pair is trading along an uptrend.
 The uptrend may be expected to continue in case the market rises above resistance level 1747, which will be followed by reaching resistance level 1700 and then 1782.

An downtrend will start as soon as the pair drops below support level 1718, which will be followed by moving down to support level 1700 and then 1682.

Resistance: 1747, 1787
Support: 1718, 1700, 1682

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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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