GOLD, Monthly forecast, March - April

Main scenario:
The pair is trading along an uptrend.
The uptrend may be expected to continue in case the market rises above resistance level 1350, which will be followed by reaching resistance level 1392 and if it keeps on moving up above that level, we may expect the pair to reach resistance level 1470.

Alternative scenario:
An downtrend will start as soon, as the pair drops below support level 1311, which will be followed by moving down to support level 1269 - 1234.


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