GOLD today's daily forecast 05/10/12
10 May 2012
Today's daily forecast
Forecast weekly, May 7 - 11
The pair is trading along an sideways trading pattern.
The downtrend may be expected to continue in case the market drops below support level 1587, which will be followed by reaching support level 1566.
An uptrend will start as soon as the pair rises above resistance level 1605, which will be followed by moving up to resistance level 1630.
Resistances: 1598, 1605, 1630
Supports: 1587, 1566
The downtrend may be expected to continue in case the market drops below support level 1587, which will be followed by reaching support level 1566.
An uptrend will start as soon as the pair rises above resistance level 1605, which will be followed by moving up to resistance level 1630.
Resistances: 1598, 1605, 1630
Supports: 1587, 1566
Forecast weekly, May 7 - 11
The pair is trading along an downtrend.
The downtrend may be expected to continue in case the market drops below support level 1630, which will be followed by reaching support level 1620 and then to 1600.
An uptrend will start as soon as the pair rises above resistance level 1643, which will be followed by moving up to resistance level 1652 and then to 1667 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 1690.
Resistance: 1643, 1652, 1667, 1690
Support: 1630, 1620, 1600
Forecast monthly, March
The downtrend may be expected to continue in case the market drops below support level 1630, which will be followed by reaching support level 1620 and then to 1600.
An uptrend will start as soon as the pair rises above resistance level 1643, which will be followed by moving up to resistance level 1652 and then to 1667 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 1690.
Resistance: 1643, 1652, 1667, 1690
Support: 1630, 1620, 1600
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
