GOLD today's market forecast 04/11/11

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4 November 2011

Today's forecast

Resistances: 1744, 1750, 1778
Supports: 1723, 1710, 1703, 1694, 1680

Forecast weekly, November 31.10 - 04.11
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 1662 - 1622.

Resistance: 1744, 1750, 1778, 1803, 1825
Support: 1703, 1694, 1680, 1662, 1649, 1637, 1622

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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