GOLD today's market forecast 12/02/11
2 December 2011
Today's forecast
Forecast weekly, November 28 - December 02
The pair is trading along an uptrend.
The uptrend may be expected to continue from current levels, which will be followed by reaching resistance level 1758 and then 1774.
An downtrend will start as soon as the pair drops below support level 1735, which will be followed by moving down to support level 1723 and then 1709.
Resistances: 1758, 1774, 1787
Supports: 1735, 1723, 1709
The uptrend may be expected to continue from current levels, which will be followed by reaching resistance level 1758 and then 1774.
An downtrend will start as soon as the pair drops below support level 1735, which will be followed by moving down to support level 1723 and then 1709.
Resistances: 1758, 1774, 1787
Supports: 1735, 1723, 1709
Forecast weekly, November 28 - December 02
The pair is trading along an sideways trading pattern.
An uptrend will start as soon as the pair rises above resistance level 1715, which will be followed by moving up to resistance level 1758.
The downtrend may be expected to continue in case the market drops below support level 1677, which will be followed by reaching support level 1641.
Resistance: 1715, 1723, 1744, 1758
Support: 1709, 1699, 1689, 1677, 1661, 1641
Forecast monthly, November
An uptrend will start as soon as the pair rises above resistance level 1715, which will be followed by moving up to resistance level 1758.
The downtrend may be expected to continue in case the market drops below support level 1677, which will be followed by reaching support level 1641.
Resistance: 1715, 1723, 1744, 1758
Support: 1709, 1699, 1689, 1677, 1661, 1641
Forecast monthly, November
The pair is trading along an uptrend.
The uptrend may be expected to continue in case the market rises above resistance level 1750, which will be followed by reaching resistance level 1778 and then 1825.
An downtrend will start from resistance level 1744/50 and as the pair drops below support level 1694, which will be followed by moving down to support level 1622 and then 1566, 1492.
Resistances: 1744/50, 1778, 1825, 1882
Supports: 1703, 1694, 1680, 1662, 1622, 1566, 1492
The uptrend may be expected to continue in case the market rises above resistance level 1750, which will be followed by reaching resistance level 1778 and then 1825.
An downtrend will start from resistance level 1744/50 and as the pair drops below support level 1694, which will be followed by moving down to support level 1622 and then 1566, 1492.
Resistances: 1744/50, 1778, 1825, 1882
Supports: 1703, 1694, 1680, 1662, 1622, 1566, 1492
