XAUUSD Daily Forecast Dec 22 2014

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Outlook in XAUUSD has turned neutral with risk to the downside , resistance comes at the 1213 levels , a failure to hold above the 1213 levels on a daily closing basis could mean a return to the 1188/1182 levels , a cut would open 1167 levels , further down will aim the 1148 levels.

On the upside , break of the 51213 levels on a daily closing basis will put the pair in recovery mode , but recovery above the 1213 levels should limited by the 1238 levels where fall resumption is likely !!!

In all ,as long as 1213 resistance holds on a daily closing basis , outlook in XAUUSD remains on the downside towards the 1188/1182 levels ahead of the 1167 levels , above the 1213 levels will turn outlook neutral and bring limited gains below the 1238 levels before the next fall…

Intraday : as long as 1200/ 1213 resistance holds on a 4 hour closing basis , outlook in XAUUSD remains on the downside towards the 1188 levels ahead of the 1182 levels , above the 1213 levels will bring rebound towards the 1223 levels before the next fall…

 

XAUUSD Daily Forecast Dec 22 2014_h4

XAUUSD Daily Forecast Dec 22 2014

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