GOLD today's daily forecast 05/03/12
3 May 2012
Today's daily forecast
Forecast weekly, April 30 - May 04
The pair is trading along an downtrend.
The downtrend may be expected to continue while pair is trading below resistance level 1652, which will be followed by reaching support level 1638 and if it keeps on moving down below that level, we may expect the pair to reach support level 1630.
An uptrend will start as soon as the pair rises above resistance level 1652, which will be followed by moving up to resistance level 1667.
Resistances: 1652, 1667, 1675
Supports: 1638, 1630, 1620
The downtrend may be expected to continue while pair is trading below resistance level 1652, which will be followed by reaching support level 1638 and if it keeps on moving down below that level, we may expect the pair to reach support level 1630.
An uptrend will start as soon as the pair rises above resistance level 1652, which will be followed by moving up to resistance level 1667.
Resistances: 1652, 1667, 1675
Supports: 1638, 1630, 1620
Forecast weekly, April 30 - May 04
The pair is trading along an uptrend.
The uptrend may be expected to continue in case the market rises above resistance level 1667, which will be followed by reaching resistance level 1690 and then to 1714.
An downtrend will start as soon as the pair drops below support level 1655, which will be followed by moving down to support level 1638 and if it keeps on moving down below support level, we may expect the pair to reach support level 1600.
Resistance: 1667, 1690, 1714
Support: 1655, 1638, 1630, 1600
Forecast monthly, March
The uptrend may be expected to continue in case the market rises above resistance level 1667, which will be followed by reaching resistance level 1690 and then to 1714.
An downtrend will start as soon as the pair drops below support level 1655, which will be followed by moving down to support level 1638 and if it keeps on moving down below support level, we may expect the pair to reach support level 1600.
Resistance: 1667, 1690, 1714
Support: 1655, 1638, 1630, 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
