Gold Main scenario:
The pair is trading along a sideways trend between resistance 1085 and support level 1053.
An local downtrend will start from resistance level 1085, which will be followed by moving down to support level 1053.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1094, which will be followed by moving up to resistance level 1135.
Monthly forecast, December 2015
Main scenario:
The pair is trading along an downtrend with target on 1008 and 970, that may be expected to continue, while pair is trading below resistance level 1069 - 1094.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1194, which will be followed by moving up to resistance level 1160.
Long-term Forecast: September - November, 2015
Main scenario:
The pair is trading along an downtrend with target on 970 - 880 and may be expected to continue, while pair is trading below resistance level 1170.
Alternative scenario:
An uptrend will start as soon, as the pair rises above resistance level 1170, which will be followed by moving up to resistance level 1325 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 1560 or we will have correction to 1170.