GOLD today's market forecast 10/05/11
5 October 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 1606 and then 1597, which will be followed by reaching support level 1582.
An uptrend will start as soon as the pair rises above resistance level 1620, which will be followed by moving up to resistance level 1629 and then 1640.
Resistances: 1620, 1629, 1640, 1660
Supports: 1606, 1597, 1582
The pair is trading along an downtrend.
The downtrend may be expected to continue in case the market drops below support level 1606 and then 1597, which will be followed by reaching support level 1582.
An uptrend will start as soon as the pair rises above resistance level 1620, which will be followed by moving up to resistance level 1629 and then 1640.
Resistances: 1620, 1629, 1640, 1660
Supports: 1606, 1597, 1582
Forecast weekly, october 04 - 07
The pair is trading along an sideways trading pattern.
An uptrend will start as soon as the pair rises above resistance level 1676, which will be followed by moving up to resistance level 1725/1750.
An downtrend will start as soon as the pair drops below support level 1650, which will be followed by moving down to support level 1606 and 1566.
Resistance: 1676, 1703, 1725, 1750
Support: 1650, 1606, 1566
Forecast monthly, September
The pair is trading along an uptrend.
The uptrend may be expected to continue in case the market rises above resistance level 1882 - 1900, which will be followed by reaching resistance level 1955 and 2000.
An downtrend will start as soon as the pair drops below support level 1815, which will be followed by moving down to support level 1750 and then 1705. and if it keeps on moving down below that level, we may expect the pair to reach support level 1646 and 1566. But an uptrend will start if pair rises above resistance level 1750, which will be followed by moving up to resistance level 1882.
Resistances: 1882 - 1900 (strong), 1931, 1955, 2000
Supports: 11815, 1788, 1750 (strong, first target), 1705 (strong, second target), 1646, 1566 (strong)
