Special Focus on XAUUSD , Weekly Chart Analysis Apr 22 2015

gold22 min
gold22 min

According to weekly time frame , mid-term outlook in XAUUSD is neutral at the moment , the pair is in recovery mode as long as trades above the 1187 levels on a weekly closing basis , resistance comes at the 1228 levels where rejection is likely !! However ; sustained breakout above the 1228 levels will extend recovery towards the 1307 levels..

On the downside , support comes at the 1187 levels , sustained breakout below this level on a weekly closing basis will suggest that fall from the 1307 levels is resuming , If seen a lower leg below 1131 levels is likely , If seen focus will be on the 1097 /1044 levels ..

In all , the XAUUSD is likely to consolidate within 1187/1228 range , above 1228 will open 1307 levels , a clear break below 1187 levels will pave the way towards the 1097/1044 levels…

Special Focus on XAUUSD , Weekly Chart Analysis Apr 22 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS