GOLD, forecast from: 18 May, 2015


Main scenario:
The pair is trading along an uptrend.
The uptrend may be expected to continue while pair is trading above support level 1224, which will be followed by reaching resistance level 1239.

Alternative scenario:
An downtrend will start as soon, as the pair drops below support level 1224, which will be followed by moving down to support level 1213 and if it keeps on moving down below that level, we may expect the pair to reach support level 1193.

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