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Gold Forecast: Trading Along Uptrend On Resistance Level 1213

Published 04/30/2015, 02:31 AM
Updated 07/09/2023, 06:31 AM

Main scenario:
The pair is trading along an uptrend on resistance level 1213.
The uptrend may be expected to continue in case the market rises above resistance level 1213, which will be followed by reaching resistance level 1222 and then to 1231.

Alternative scenario:
An downtrend will start as soon, as the pair drops below support level 1204, which will be followed by moving down to support level 1192/87.

Gold Hourly Chart
Previous forecast:
Gold Previous Hourly Forecast

Weekly Forecast, 20 - 24 April

Main scenario:
The pair is trading along a downtrend.
The downtrend may be expected to continue while pair is trading below resistance level 1213, which will be followed by reaching support level 1187 and then to 1160.

Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1213, which will be followed by moving up to resistance level 1231.

Gold 4-Hour Chart
Previous forecast:
Gold Previous 4-Hour Forecast

Monthly forecast, April

Main scenario:
The pair is trading along an uptrend.
The uptrend may be expected to continue while pair is trading above support level 1160, which will be followed by reaching resistance level 1238 - 1256.

Alternative scenario:
An downtrend will start as soon, as the pair drops below support level 1160, which will be followed by moving down to support level 1080.

Gold Daily Chart
Previous forecast:
Gold Previous Daily Forecast

Long-term Forecast: January - June 2015

Main scenario:
The pair is trading along a downtrend.
The downtrend may be expected to continue while pair is trading below resistance level 1325, which will be followed by reaching support level 1080 and 975.

Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1325, which will be followed by moving up to resistance level 1560.
Gold Monthly Chart

Gold Weekly Chart

Previous forecast:
Gold Previous Weekly Forecast

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