GOLD today's daily forecast 05/15/12
15 May 2012
Today's daily forecast
Forecast weekly, May 14 - 18
The pair is trading along an downtrend.
The downtrend may be expected to continue from current levels, which will be followed by reaching support level 1545 and then to 1523.
An uptrend will start as soon as the pair rises above resistance level 1566, which will be followed by moving up to resistance level 1577 and then 1589.
Resistances: 1566, 1577, 1589, 1604
Supports: 1545, 1523
The downtrend may be expected to continue from current levels, which will be followed by reaching support level 1545 and then to 1523.
An uptrend will start as soon as the pair rises above resistance level 1566, which will be followed by moving up to resistance level 1577 and then 1589.
Resistances: 1566, 1577, 1589, 1604
Supports: 1545, 1523
Forecast weekly, May 14 - 18
The pair is trading along an downtrend.
The downtrend may be expected to continue while pair is tradong below resistance level 1589, which will be followed by reaching support level 1545 and then to 1508.
An uptrend will start as soon as the pair rises above resistance level 1589, which will be followed by moving up to resistance level 1630.
Resistance: 1566, 1589 , 1630
Support: 1545, 1508
Forecast monthly, March
The downtrend may be expected to continue while pair is tradong below resistance level 1589, which will be followed by reaching support level 1545 and then to 1508.
An uptrend will start as soon as the pair rises above resistance level 1589, which will be followed by moving up to resistance level 1630.
Resistance: 1566, 1589 , 1630
Support: 1545, 1508
Forecast monthly, March
The pair is trading along an downtrend, after break of "double top" figure.
The downtrend may be expected to continue while market is trading below resistance level 1737, which will be followed by reaching support level 1623.
An uptrend will start as soon as the pair rises above resistance level 1637, which will be followed by moving up to resistance level 1773 and then 1825.
Resistances: 1737, 1773, 1825
Supports: 1623, 1566
The downtrend may be expected to continue while market is trading below resistance level 1737, which will be followed by reaching support level 1623.
An uptrend will start as soon as the pair rises above resistance level 1637, which will be followed by moving up to resistance level 1773 and then 1825.
Resistances: 1737, 1773, 1825
Supports: 1623, 1566
