GOLD today's market forecast 11/17/11
17 November 2011
Today's forecast
Forecast weekly, November 14 - 18
The pair is trading along an sideways trading pattern.
An downtrend will start as soon as the pair drops below support level 1758, which will be followed by moving down to support level 1738 and then 1709.
An uptrend will start as soon as the pair rises above resistance level 1774, which will be followed by moving up to resistance level 1789 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 1814.
Resistances: 1774, 1781, 1789, 1814, 1825
Supports: 1758, 1738, 1709, 1680
An downtrend will start as soon as the pair drops below support level 1758, which will be followed by moving down to support level 1738 and then 1709.
An uptrend will start as soon as the pair rises above resistance level 1774, which will be followed by moving up to resistance level 1789 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 1814.
Resistances: 1774, 1781, 1789, 1814, 1825
Supports: 1758, 1738, 1709, 1680
Forecast weekly, November 14 - 18
The pair is trading along an uptrend.
The uptrend may be expected to continue in case the market rises above resistance level 1795, which will be followed by reaching resistance level 1825 and then 1882.
An downtrend will start as soon as the pair drops below support level 1758, which will be followed by moving down to support level 1709 and then 1680.
Resistance: 1795, 1825, 1882
Support: 1758, 1709, 1680
Forecast monthly, November
The uptrend may be expected to continue in case the market rises above resistance level 1795, which will be followed by reaching resistance level 1825 and then 1882.
An downtrend will start as soon as the pair drops below support level 1758, which will be followed by moving down to support level 1709 and then 1680.
Resistance: 1795, 1825, 1882
Support: 1758, 1709, 1680
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
