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GOLD today's market forecast 03/22/12

22 March 2012
Today's forecast
The pair is trading along an downtrend.
The downtrend may be expected to continue while market is trading above resistance level 1643, which will be followed by reaching support level 1623.

An uptrend will start as soon as the pair rises above resistance level 1643, which will be followed by moving up to resistance level 1663.

Resistances: 1643, 1663 
Supports: 1623

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Forecast weekly, March 19 - 23
The pair is trading along an downtrend.
The downtrend may be expected to continue while pair is trading above resistance level 1674, which will be followed by reaching support level 1643 and then 1623.

An uptrend will start as soon as the pair rises above resistance level 1674, which will be followed by moving up to resistance level 1714.

Resistance: 1664, 1674, 1714, 1737
Support: 1643, 1623 

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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

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