XAUUSD Daily Forecast Apr 09 2014

The XAUUSD  maintained  a bullish momentum yesterday , printed support at the 1296  levels , and topped at the 1314 levels . This development leaves the pair targeting the 1324  levels , a halt is likely , but a break would open 1335 next, further upside will aim the 1350 levels.

On the downside , support comes at the 1303 levels ahead of 1296 (main) , stability above this level will keep pushing to the upside , but losing the 1296  levels on a daily closing basis will open  1284 levels ahead of the 1277 levels , further downside will aim the 1265  levels.

In all , as long as support 1296 holds on a daily closing basis , the XAUUSD  will remain based to the upside towards the 1324 levels ahead of the 1335 levels , losing  1296  levels will reverse risks towards the 1284/1277  levels….

 

XAUUSD Daily Forecast Apr 09 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS

1 COMMENT

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