XAUUSD Daily Forecast Apr 08 2015

gold65FILEminimizer
gold65FILEminimizer

Outlook in XAUUSD remains on the upside as long as 1191/1206 support holds on a daily closing basis , resistance comes at the 1224 levels , a halt is strongly suggested , a clear break above the 1224 levels is needed to resume the upside offensive , If seen focus will be on the 1245 levels ahead of the 1270 levels .

On the downside , a failure to hold gains above the 1224 levels could mean a return to the 1206/1191 levels , a halt is likely but a cut would open 1175 levels before the next rise , however ; a clear break below the 1175 levels will restore the downside momentum and open 1142/1131 levels..

In all , as long as 1191/1206 support hold son a daily closing basis , outlook in XAUUSD remains on the upside towards the 1224 levels and possible higher towards the 1245 levels , below 1206/1191 will open 1175 before the next rise..

XAUUSD Daily Forecast Apr 08 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS

2 COMMENTS

  1. Just want to say your article is as surprising. The clearness in your post is simply nice and i could assume you’re an expert on this subject. Well with your permission let me to grab your RSS feed to keep updated with forthcoming post. Thanks a million and please carry on the gratifying work.

  2. Hi there i am kavin, its my first time to commenting anywhere, when i read this article i
    thought i could also make comment due to this sensible piece of writing.

Comments are closed.