XAUUSD Daily Forecast ِApr 01 2015

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Outlook in XAUUSD has turned neutral at the moment, support at the 1175 levels while resistance comes at the 1192/1206 levels.

On the upside, resistance comes at the 1192/1206 levels, break of the 1206 levels will resume the upside offensive and pave the way towards the 1219/1228 levels before the next possible fall…

On the downside, a clear break below the 1175 levels will restore the downside momentum and open the 1142 levels ahead of the 1100 levels …

In all , the XAUUSD is likely to consolidate within 1175/1206 range before the next move ,  above the 1206 levels will resume the upside offensive and pave the way towards the 1219/1228 levels before the next possible fall, while below the 1175 levels will restore the downside momentum and open the 1142 levels ahead of the 1100 levels …

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