http://forexmillion.com/ ru FOREXMILLION - forex forecast, trading signals DataLife Engine http://forexmillion.com/forex-forecast/gold/471-gold-forecast.html http://forexmillion.com/forex-forecast/gold/471-gold-forecast.html Today chart - Forecast of the week, 07/12–07/16 Rebound from key support level 1187, which was followed by moving above level 1202, speaks about development of an uptrend. This is due to the fact that as the gold rose above level 1202 it broke the neckline of “head and shoulders” figure, which cleared the way towards resistance level 1220. The current trend is technically an uptrend, although it still seems to be sideways as there is no good upside momentum so far. Such good upside momentum will emerge in case the gold rises above levels 1213 and 1220, which will be followed by an uptrend with the upside target seen at resistance level 1232. Otherwise, a downtrend will be started in case the gold retreats under level 1188 (and thus quits the sideways trend), which will be followed by moving down to support level 1169. If the gold keeps on moving down below that level, it will reach level 1114. Forecast monthly, June The market is trading along an uptrend; however signs of trend’s turn are present. That’s why we should not expect the uptrend to continue unless the gold confidently rises above resistance level 1232, which will be followed by moving up to level 1286. Otherwise, if the gold goes under level 1182, a downtrend will be started with the drop target set at support levels 1132–1114.   Forecast for the next quarter, April - June. Weekly graph (dated 05/10/10) The market is trading along the uptrend, namely in its 5th upwave, having the upside target seen at level 1400. A strong resistance is found at level 1280 and it is currently serving as the market’s local target. Upon touching that level, the gold will also need to get over level 1310 in order to make its way to 1400. Support is found at level 1188. In case the market goes below level 1137, downtrend development will come in action with the drop target set to support level 1150 (“K” trendline). If the gold drops further below level 1140, it will get to support 960 (“Z” trendline), which is the market’s drop target level. GOLD Kolganov Anton Wed, 14 Jul 2010 14:45:57 +0300 http://forexmillion.com/forex-forecast/gold/468-gold-forecast.html http://forexmillion.com/forex-forecast/gold/468-gold-forecast.html Today chart - Forecast of the week, 07/05–07/09 The gold is trading along a downtrend in the form of 5-waved Elliot model. Current location is at the 4th correctional wave. Current downtrend may be expected in case the market drops below level 1203, which will be followed by reaching the 5th wave’s target and also getting to support at level 1177 / 1169. In case the market rises above level 1216 we may speak about extension of development of the 4th correctional wave. In such case the gold may rise up to resistance level 1237. However, if it successfully gets above that level we may speak about cancellation of the downtrend and beginning of an uptrend with the upside target set at resistance 1258. If the gold will keep on rising above that level, it will reach resistance 1289. Forecast monthly, June The market is trading along an uptrend; however signs of trend’s turn are present. That’s why we should not expect the uptrend to continue unless the gold confidently rises above resistance level 1232, which will be followed by moving up to level 1286. Otherwise, if the gold goes under level 1182, a downtrend will be started with the drop target set at support levels 1132–1114.   Forecast for the next quarter, April - June. Weekly graph (dated 05/10/10) The market is trading along the uptrend, namely in its 5th upwave, having the upside target seen at level 1400. A strong resistance is found at level 1280 and it is currently serving as the market’s local target. Upon touching that level, the gold will also need to get over level 1310 in order to make its way to 1400. Support is found at level 1188. In case the market goes below level 1137, downtrend development will come in action with the drop target set to support level 1150 (“K” trendline). If the gold drops further below level 1140, it will get to support 960 (“Z” trendline), which is the market’s drop target level. GOLD Kolganov Anton Tue, 06 Jul 2010 14:49:50 +0300 http://forexmillion.com/forex-forecast/gold/465-gold-forecast.html http://forexmillion.com/forex-forecast/gold/465-gold-forecast.html Today chart Forecast of the week, 06/21–06/25 The market has been trading along the uptrend for a rather long time now. And after it got over level 1255, the upside intention grew stronger. The gold’s current target is set at resistance level 1288 (see forecast monthly). A downtrend may be started in case the gold retreats below key support level 1255, followed by drop to intermediate support 1231 and then to major support 1220 (the “F-F+” uptrend’s lower bound). Forecast monthly, June The market is trading along an uptrend; however signs of trend’s turn are present. That’s why we should not expect the uptrend to continue unless the gold confidently rises above resistance level 1232, which will be followed by moving up to level 1286. Otherwise, if the gold goes under level 1182, a downtrend will be started with the drop target set at support levels 1132–1114.   Forecast for the next quarter, April - June. Weekly graph (dated 05/10/10) The market is trading along the uptrend, namely in its 5th upwave, having the upside target seen at level 1400. A strong resistance is found at level 1280 and it is currently serving as the market’s local target. Upon touching that level, the gold will also need to get over level 1310 in order to make its way to 1400. Support is found at level 1188. In case the market goes below level 1137, downtrend development will come in action with the drop target set to support level 1150 (“K” trendline). If the gold drops further below level 1140, it will get to support 960 (“Z” trendline), which is the market’s drop target level. GOLD Kolganov Anton Wed, 23 Jun 2010 13:04:20 +0300 http://forexmillion.com/forex-forecast/gold/462-gold-forecast.html http://forexmillion.com/forex-forecast/gold/462-gold-forecast.html Today chart Forecast of the week, 06/07 – 06/11 The market is trading along sideways trend and the market direction is unclear until a certain level is broken. In case the gold rises above level 1214, it will start ascending to the target resistance level 1233. In case it goes below level 1204, a downtrend will be started with the drop target set at support level 1192. If the gold keeps moving down below that level (namely, level 1182 and down), the downtrend will be continued and the drop target will be seen at level 1168. Resistance level 1233 is the market’s key resistance. Thus, if the gold rebounds from it and then moves down below level 1218, a downtrend will be started with the drop target set at level 1168. However, if the gold manages to rise above key resistance level, an uptrend will be started with the upside target set at level 1286. Forecast monthly, June The market is trading along an uptrend; however signs of trend’s turn are present. That’s why we should not expect the uptrend to continue unless the gold confidently rises above resistance level 1232, which will be followed by moving up to level 1286. Otherwise, if the gold goes under level 1182, a downtrend will be started with the drop target set at support levels 1132–1114.   Forecast for the next quarter, April - June. Weekly graph (dated 05/10/10) The market is trading along the uptrend, namely in its 5th upwave, having the upside target seen at level 1400. A strong resistance is found at level 1280 and it is currently serving as the market’s local target. Upon touching that level, the gold will also need to get over level 1310 in order to make its way to 1400. Support is found at level 1188. In case the market goes below level 1137, downtrend development will come in action with the drop target set to support level 1150 (“K” trendline). If the gold drops further below level 1140, it will get to support 960 (“Z” trendline), which is the market’s drop target level. GOLD Kolganov Anton Thu, 10 Jun 2010 10:10:48 +0300 http://forexmillion.com/forex-forecast/gold/459-gold-forecast.html http://forexmillion.com/forex-forecast/gold/459-gold-forecast.html Today chart Forecast of the week, 06/07 – 06/11 The market is trading along sideways trend and the market direction is unclear until a certain level is broken. In case the gold rises above level 1214, it will start ascending to the target resistance level 1233. In case it goes below level 1204, a downtrend will be started with the drop target set at support level 1192. If the gold keeps moving down below that level (namely, level 1182 and down), the downtrend will be continued and the drop target will be seen at level 1168. Resistance level 1233 is the market’s key resistance. Thus, if the gold rebounds from it and then moves down below level 1218, a downtrend will be started with the drop target set at level 1168. However, if the gold manages to rise above key resistance level, an uptrend will be started with the upside target set at level 1286. Forecast monthly, June The market is trading along an uptrend; however signs of trend’s turn are present. That’s why we should not expect the uptrend to continue unless the gold confidently rises above resistance level 1232, which will be followed by moving up to level 1286. Otherwise, if the gold goes under level 1182, a downtrend will be started with the drop target set at support levels 1132–1114.   Forecast for the next quarter, April - June. Weekly graph (dated 05/10/10) The market is trading along the uptrend, namely in its 5th upwave, having the upside target seen at level 1400. A strong resistance is found at level 1280 and it is currently serving as the market’s local target. Upon touching that level, the gold will also need to get over level 1310 in order to make its way to 1400. Support is found at level 1188. In case the market goes below level 1137, downtrend development will come in action with the drop target set to support level 1150 (“K” trendline). If the gold drops further below level 1140, it will get to support 960 (“Z” trendline), which is the market’s drop target level. GOLD Kolganov Anton Wed, 09 Jun 2010 13:17:56 +0300 http://forexmillion.com/forex-forecast/gold/456-gold-forecast.html http://forexmillion.com/forex-forecast/gold/456-gold-forecast.html Today chart Forecast of the week, 06/07 – 06/11 The market is trading along sideways trend and the market direction is unclear until a certain level is broken. In case the gold rises above level 1214, it will start ascending to the target resistance level 1233. In case it goes below level 1204, a downtrend will be started with the drop target set at support level 1192. If the gold keeps moving down below that level (namely, level 1182 and down), the downtrend will be continued and the drop target will be seen at level 1168. Resistance level 1233 is the market’s key resistance. Thus, if the gold rebounds from it and then moves down below level 1218, a downtrend will be started with the drop target set at level 1168. However, if the gold manages to rise above key resistance level, an uptrend will be started with the upside target set at level 1286. Forecast monthly, June The market is trading along an uptrend; however signs of trend’s turn are present. That’s why we should not expect the uptrend to continue unless the gold confidently rises above resistance level 1232, which will be followed by moving up to level 1286. Otherwise, if the gold goes under level 1182, a downtrend will be started with the drop target set at support levels 1132–1114.   Forecast for the next quarter, April - June. Weekly graph (dated 05/10/10) The market is trading along the uptrend, namely in its 5th upwave, having the upside target seen at level 1400. A strong resistance is found at level 1280 and it is currently serving as the market’s local target. Upon touching that level, the gold will also need to get over level 1310 in order to make its way to 1400. Support is found at level 1188. In case the market goes below level 1137, downtrend development will come in action with the drop target set to support level 1150 (“K” trendline). If the gold drops further below level 1140, it will get to support 960 (“Z” trendline), which is the market’s drop target level. GOLD Kolganov Anton Tue, 08 Jun 2010 15:44:56 +0300 http://forexmillion.com/forex-forecast/gold/453-gold-forecast.html http://forexmillion.com/forex-forecast/gold/453-gold-forecast.html Today chart Forecast of the week, 05/31 – 06/04. After rising above level 1195 the gold went into an uptrend. Currently we can observe the correction being formed in the form of a “diamond” trend-continuing/-turning figure. Upon the fact of getting above level 1233 the upside momentum will grow stronger and the market will be striving to reach level 1260. Alternatively, a downtrend may be started in case the gold goes under level 1200. In such case it will get to support 1183; and if it then goes below level 1176, the downside momentum will grow stronger and eventually level 1144 will be reached. Forecast monthly, June. The market is trading along the “F-F+” uptrend with the upside target seen at resistance level 1285. Upon the fact of rising above level 1223, the upside momentum will grow stronger and the gold will continue ascending freely. Otherwise, if the gold goes under level 1176, the uptrend will fade out and a downtrend will take its place with the drop target seen at support level 1114. If the gold goes below that level, it will then get to support 1048.   Forecast for the next quarter, April - June. Weekly graph (dated 05/10/10) The market is trading along the uptrend, namely in its 5th upwave, having the upside target seen at level 1400. A strong resistance is found at level 1280 and it is currently serving as the market’s local target. Upon touching that level, the gold will also need to get over level 1310 in order to make its way to 1400. Support is found at level 1188. In case the market goes below level 1137, downtrend development will come in action with the drop target set to support level 1150 (“K” trendline). If the gold drops further below level 1140, it will get to support 960 (“Z” trendline), which is the market’s drop target level. GOLD Kolganov Anton Thu, 03 Jun 2010 10:38:09 +0300 http://forexmillion.com/forex-forecast/gold/450-gold-forecast.html http://forexmillion.com/forex-forecast/gold/450-gold-forecast.html Today chart Forecast of the week, 05/31 – 06/04. After rising above level 1195 the gold went into an uptrend. Currently we can observe the correction being formed in the form of a “diamond” trend-continuing/-turning figure. Upon the fact of getting above level 1233 the upside momentum will grow stronger and the market will be striving to reach level 1260. Alternatively, a downtrend may be started in case the gold goes under level 1200. In such case it will get to support 1183; and if it then goes below level 1176, the downside momentum will grow stronger and eventually level 1144 will be reached. Forecast monthly, June. The market is trading along the “F-F+” uptrend with the upside target seen at resistance level 1285. Upon the fact of rising above level 1223, the upside momentum will grow stronger and the gold will continue ascending freely. Otherwise, if the gold goes under level 1176, the uptrend will fade out and a downtrend will take its place with the drop target seen at support level 1114. If the gold goes below that level, it will then get to support 1048.   Forecast for the next quarter, April - June. Weekly graph (dated 05/10/10) The market is trading along the uptrend, namely in its 5th upwave, having the upside target seen at level 1400. A strong resistance is found at level 1280 and it is currently serving as the market’s local target. Upon touching that level, the gold will also need to get over level 1310 in order to make its way to 1400. Support is found at level 1188. In case the market goes below level 1137, downtrend development will come in action with the drop target set to support level 1150 (“K” trendline). If the gold drops further below level 1140, it will get to support 960 (“Z” trendline), which is the market’s drop target level. GOLD Kolganov Anton Tue, 01 Jun 2010 12:50:59 +0300 http://forexmillion.com/forex-forecast/gold/447-gold-forecast.html http://forexmillion.com/forex-forecast/gold/447-gold-forecast.html Today chart Forecast for the week, 05/17 – 05/21 The gold is trading along an uptrend. However, at the same time it is forming a local correction, which potentially has a form of a “diamond” trend-continuing or trend-turning figure. In case the gold goes on rising above level 1250, the uptrend will continue its development with the upside target set at level 1280. A downtrend will be started in case the gold drops below level 1217. Then it will get to support level 1196, which possibly will be accompanied by a correction to resistance levels 1217 – 1228. Next, if the gold goes under support 1196, the downside momentum will grow stronger and the market will soon find itself at support level 1172 (the lower bound of “F-F+” uptrend). Forecast for this month, May. Daily graph (dated 05/10/10) The market is trading along an uptrend with the upside target at resistance 1280. After getting over level 1215 the upside momentum is supposed to grow stronger, since all resistance levels will be passed by then. Support is currently at level 1188. This variant is in effect while the market is trading above level 1185. A downtrend will be started in case the market goes below level 1163; in such case the gold will head down to support level 1140 (the lower bound of “F-F+” uptrend). Then, after it gets under 1137, the “F-F+” trend is supposed to be turned and the drop target will be set to level 1050 (“K” trendline).   Forecast for the next quarter, April - June. Weekly graph (dated 05/10/10) The market is trading along the uptrend, namely in its 5th upwave, having the upside target seen at level 1400. A strong resistance is found at level 1280 and it is currently serving as the market’s local target. Upon touching that level, the gold will also need to get over level 1310 in order to make its way to 1400. Support is found at level 1188. In case the market goes below level 1137, downtrend development will come in action with the drop target set to support level 1150 (“K” trendline). If the gold drops further below level 1140, it will get to support 960 (“Z” trendline), which is the market’s drop target level. GOLD Kolganov Anton Thu, 20 May 2010 11:33:32 +0300 http://forexmillion.com/forex-forecast/gold/442-gold-forecast.html http://forexmillion.com/forex-forecast/gold/442-gold-forecast.html Today chart Forecast for the week, 05/17 – 05/21 The gold is trading along an uptrend. However, at the same time it is forming a local correction, which potentially has a form of a “diamond” trend-continuing or trend-turning figure. In case the gold goes on rising above level 1250, the uptrend will continue its development with the upside target set at level 1280. A downtrend will be started in case the gold drops below level 1217. Then it will get to support level 1196, which possibly will be accompanied by a correction to resistance levels 1217 – 1228. Next, if the gold goes under support 1196, the downside momentum will grow stronger and the market will soon find itself at support level 1172 (the lower bound of “F-F+” uptrend). Forecast for this month, May. Daily graph (dated 05/10/10) The market is trading along an uptrend with the upside target at resistance 1280. After getting over level 1215 the upside momentum is supposed to grow stronger, since all resistance levels will be passed by then. Support is currently at level 1188. This variant is in effect while the market is trading above level 1185. A downtrend will be started in case the market goes below level 1163; in such case the gold will head down to support level 1140 (the lower bound of “F-F+” uptrend). Then, after it gets under 1137, the “F-F+” trend is supposed to be turned and the drop target will be set to level 1050 (“K” trendline).   Forecast for the next quarter, April - June. Weekly graph (dated 05/10/10) The market is trading along the uptrend, namely in its 5th upwave, having the upside target seen at level 1400. A strong resistance is found at level 1280 and it is currently serving as the market’s local target. Upon touching that level, the gold will also need to get over level 1310 in order to make its way to 1400. Support is found at level 1188. In case the market goes below level 1137, downtrend development will come in action with the drop target set to support level 1150 (“K” trendline). If the gold drops further below level 1140, it will get to support 960 (“Z” trendline), which is the market’s drop target level. GOLD Kolganov Anton Tue, 18 May 2010 12:06:18 +0300