XAUUSD Daily Forecast Jan 23 2015

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Outlook in XAUUSD remains on the upside as long as 1290 support holds on a daily closing basis , resistance comes at the 1327 levels , a halt is likely but a break would open 1365 next , further upside will target the 1390 levels..

On the downside , support comes at the 1290 levels , losing this level on a daily closing basis will turn outlook neutral and bring a corrective pullback , but pullback below the 1290 levels should be contained well above the 1266 levels where another rise is suggested !!!

In all , as long as 1290 support holds on a daily closing basis , outlook in XAUUSD remains on the upside towards the 1327 levels ahead of the 1365 levels , below the 1290 levels , it faces a pullback risk towards the 1266 levels before the next rise..

 

XAUUSD Daily Forecast Jan 23 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS