XAUUSD Daily Forecast Dec 15 2014

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Outlook in XAUUSD has turned neutral with risk to the upside as long as 1215 support holds on a daily closing basis , resistance comes at the 1221 levels , a clear break above this level will recapture the 1238 levels , a halt is likely , but further upside will pave the way towards the 1250/1265 levels.

On the downside , sustained trading – daily closing – below the 1215 levels will bring a corrective pullback mode , but pullback below the 1215 levels should be contained well above the 1185/1197 levels ,If 1185 fails on a daily closing basis , expect to see free fall towards the 1142 levels.

In all , as long as 1215 support holds on a daily closing basis , outlook in XAUUSD remains on the upside towards the 12221/1238 levels, below 1215 will reverse risk towards the 1197/1185 levels before the next rise…

 

XAUUSD Daily Forecast Dec 15 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS