GOLD today's market forecast 09/27/11
27 September 2011
Today's forecast
The pair is trading along an uptrend.
The uptrend may be expected to continue from current levels, which will be followed by reaching resistance level 1676.
An downtrend will start as soon as the pair drops below support level 1628, which will be followed by moving down to support level 1601 and then 1566.
Resistances: 1657, 1676, 1720, 1750
Supports: 1628, 1601, 1566, 1542
The pair is trading along an uptrend.
The uptrend may be expected to continue from current levels, which will be followed by reaching resistance level 1676.
An downtrend will start as soon as the pair drops below support level 1628, which will be followed by moving down to support level 1601 and then 1566.
Resistances: 1657, 1676, 1720, 1750
Supports: 1628, 1601, 1566, 1542
Forecast weekly, september 26 - 30
The pair is trading along an downtrend.
An uptrend will start as soon as the pair rises above resistance level 1620, which will be followed by moving up to resistance level 1646 and then 1676.
The downtrend may be expected to continue in case the market drops below support level 1566, which will be followed by reaching support level 1546 and then 1492.
Resistance: 1604, 1620, 1646, 1676, 1705
Support: 1566, 1542, 1492
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)
