Gold On A Rise

Forecast for Gold:

Gold Charts
Gold charts (as traded on MCX, India) are poised for higher targets in the near future. The downtrend that started on the 23rd of February, 2012 did end on 15th of March, 2012 which was a major turning point as per Gann studies.

With some gains in the following trading sessions, the precious metal has already shown signs of recovery. 

Traders may watch out for the next change in trend on the 30th trading day from the 15th of March, 2012 or on the 14th of April 2012. The above mentioned dates are very significant in terms of Gann studies.

In terms of Camarilla trading levels, the metal is currently moving from the H5 zone to the H4 zone. This is also a bullish move and conforms with our Gann studies.

Interested in Forex ? Read our forecast report on EURUSD.

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