GOLD today's market forecast 01/20/12
20 January 2012
Today's forecast
Forecast weekly, January 16 - 20
The pair is trading along an downtrend.
The downtrend may be expected to continue in case the market drops below support level 1649, which will be followed by reaching support level 1634 and if it keeps on moving down below that level, we may expect the pair to reach support level 1623.
An uptrend will start as soon as the pair rises above resistance level 1660, which will be followed by moving up to resistance level 1677.
Resistances: 1649, 1660, 1664, 1677
Supports: 1634, 1623
The downtrend may be expected to continue in case the market drops below support level 1649, which will be followed by reaching support level 1634 and if it keeps on moving down below that level, we may expect the pair to reach support level 1623.
An uptrend will start as soon as the pair rises above resistance level 1660, which will be followed by moving up to resistance level 1677.
Resistances: 1649, 1660, 1664, 1677
Supports: 1634, 1623
Forecast weekly, January 16 - 20
The pair is trading along an uptrend.
The uptrend may be expected to continue in case the market rises above resistance level 1649, which will be followed by reaching resistance level 1664 and then 1682.
An downtrend will start as soon as the pair drops below support level 1623, which will be followed by moving down to support level 1610, 1592, 1566.
Resistance: 1649, 1664, 1682
Support: 1623, 1610, 1592, 1566
Forecast monthly, December
The uptrend may be expected to continue in case the market rises above resistance level 1649, which will be followed by reaching resistance level 1664 and then 1682.
An downtrend will start as soon as the pair drops below support level 1623, which will be followed by moving down to support level 1610, 1592, 1566.
Resistance: 1649, 1664, 1682
Support: 1623, 1610, 1592, 1566
Forecast monthly, December
The pair is trading along an uptrend.
The uptrend may be expected to continue in case the market rises above resistance level 1758, which will be followed by reaching resistance level 1778 and then 1825.
An downtrend will start as soon as the pair drops below support level 1743, which will be followed by moving down to support level 1662 and then 1622.
Resistances: 1758, 1787, 1825, 1882
Supports: 1743, 1680, 1662, 1622, 1566
The uptrend may be expected to continue in case the market rises above resistance level 1758, which will be followed by reaching resistance level 1778 and then 1825.
An downtrend will start as soon as the pair drops below support level 1743, which will be followed by moving down to support level 1662 and then 1622.
Resistances: 1758, 1787, 1825, 1882
Supports: 1743, 1680, 1662, 1622, 1566
