XAUUSD Daily Forecast ِApr 02 2015

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Outlook in XAUUSD remains 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. A 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 …

Intraday support comes at the 1197 levels. Stability above this level could expose the 1206 levels. While losing the 1197 levels will open the 1175 levels and probably lower…

 

XAUUSD Daily Forecast ِApr 02 2015

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