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GOLD, Monthly forecast, January 2016

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 4, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
    Likes Received:
    Main scenario: The pair is trading along an sideways trend between support 1050 and resistance 1076 levels. The downtrend may be expected to continue in case the market drops below support level 1050, which will be followed by reaching support level 1008. Alternative scenario: An uptrend will start as soon, as the pair rises above resistance level 1076, which will be followed by moving up to resistance level 1095 and then to 1135.

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