XAUUSD Daily Forecast Apr 08 2015


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




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