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GOLD today's market fotecast 11/15/11

15 November 2011
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 1758, which will be followed by reaching support level 1738.

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.

Resistances: 1774, 1789, 1814
Supports: 1758, 1738

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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

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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

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