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GOLD, Weekly forecast, Mar 04 - Mar 11: downtrend to 1200

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 7, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    Main scenario: The pair is trading along an sideways trend between resistance 1282 and support 1253. An downtrend will start as soon, as the pair drops below support level 1253, which will be followed by moving down to support level 1200. Alternative scenario: The uptrend may be expected to continue in case the market rises above resistance level 1282, which will be followed by reaching resistance level 1318.

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