GOLD today's market forecast 11/22/11
22 November 2011
Today's forecast
Forecast weekly, November 21 - 25
The pair is trading along an downtrend.
The downtrend may be expected to continue from current resistance level 1696, which will be followed by reaching support level 1673 and 1661.
An uptrend will start as soon as the pair rises above resistance level 1696, which will be followed by moving up to resistance level 1709 and then 1729.
Resistances: 1696, 1709, 1729
Supports: 1673, 1661
The downtrend may be expected to continue from current resistance level 1696, which will be followed by reaching support level 1673 and 1661.
An uptrend will start as soon as the pair rises above resistance level 1696, which will be followed by moving up to resistance level 1709 and then 1729.
Resistances: 1696, 1709, 1729
Supports: 1673, 1661
Forecast weekly, November 21 - 25
The pair is trading along an downtrend.
The downtrend may be expected to continue from current resistance level 1696, which will be followed by reaching support level 1641.
An uptrend will start as soon as the pair rises above resistance level 1709, which will be followed by moving up to resistance level 1758.
Resistance: 1696, 1709, 1758
Support: 1680, 1641
Forecast monthly, November
The downtrend may be expected to continue from current resistance level 1696, which will be followed by reaching support level 1641.
An uptrend will start as soon as the pair rises above resistance level 1709, which will be followed by moving up to resistance level 1758.
Resistance: 1696, 1709, 1758
Support: 1680, 1641
Forecast monthly, November
The pair is trading along an uptrend.
The uptrend may be expected to continue in case the market rises above resistance level 1750, which will be followed by reaching resistance level 1778 and then 1825.
An downtrend will start from resistance level 1744/50 and as the pair drops below support level 1694, which will be followed by moving down to support level 1622 and then 1566, 1492.
Resistances: 1744/50, 1778, 1825, 1882
Supports: 1703, 1694, 1680, 1662, 1622, 1566, 1492
The uptrend may be expected to continue in case the market rises above resistance level 1750, which will be followed by reaching resistance level 1778 and then 1825.
An downtrend will start from resistance level 1744/50 and as the pair drops below support level 1694, which will be followed by moving down to support level 1622 and then 1566, 1492.
Resistances: 1744/50, 1778, 1825, 1882
Supports: 1703, 1694, 1680, 1662, 1622, 1566, 1492
