GOLD today's market forecast 07/11/11
7 November 2011
Today's forecast
The pair is trading along an uptrend.
The uptrend may be expected to continue in case the market rises above resistance level 1773, which will be followed by reaching resistance level 1800.
An downtrend will start as soon as the pair drops below support level 1744, which will be followed by moving down to support level 1709.
Resistances: 1773, 1800
Supports: 1751, 1744, 1709
The pair is trading along an uptrend.
The uptrend may be expected to continue in case the market rises above resistance level 1773, which will be followed by reaching resistance level 1800.
An downtrend will start as soon as the pair drops below support level 1744, which will be followed by moving down to support level 1709.
Resistances: 1773, 1800
Supports: 1751, 1744, 1709
Forecast weekly, November 07 - 11
The pair is trading along an uptrend.
The uptrend may be expected to continue in case the market rises above resistance level 1723, which will be followed by reaching resistance level 1800 and then 1825.
An downtrend will start as soon as the pair drops below support level 1744, which will be followed by moving down to support level 1709 and then 1680.
Resistance: 1773, 1800, 1825
Support: 1744, 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
