May 6, 2014

GOLD, FORECAST , 06/05/14


Main scenario:

The pair is trading along an uptrend.
The uptrend may be expected to continue while pair is trading above support level 1303, which will be followed by reaching resistance level 1320.
Alternative scenario:
An downtrend will start as soon, as the pair drops below support level 1303, which will be followed by moving down to support level 1293.
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