Forecast - 2011.11.28

It seems that gold delay its uptrend move and would like try to test its new path support first. After having almost 2 days narrow sideways, gold tends to go lower a little bit to its support area.
From the H4 chart and my indicators, gold  is showing an intention to go lower and now is already around its new path support (purple - 1).
I think gold will not break lower than 1735, since we have 3 supports there and seems the gold move doesn't have strong power. With all the good news (green) for USD yesterday but still can't push gold much lower, I still think there will not be any deep correction. But please always be careful since surprises happen.

Zooming to my M15 Chart, in my point of view, probably gold will only play inside my blue box, which is between 1738 - 1745.5.

Or at most for the downside scenario in this morning to London open, maybe it will go a bit lower to its support area between 1735 (which is also the 38.2 fibo) - 1738. This area was the resistance area which now automatically has to be the support area.
For the upside scenario, I think it is not today for gold to break the resistance at 1753.5.
We are not seeing scheduled big impact fundamentals for today that can move gold much, except later when US market already open. So, I think its better turning off the screen and get some fresh air rather than seeing a "dead-man pulsation" whole day long....

Good luck....

GG 2012.11.28