XAUUSD Daily Forecast Dec 26 2014

gold65FILEminimizer
gold65FILEminimizer

Despite recovery we have seen today , outlook in XAUUSD remains on the downside as long as 1203 resistance holds on a daily closing basis , support comes at the 1183/1170 levels where a cut will open 1150 levels , a halt is likely but losing this level would open 1128  next , further down will pave the way towards the 1100 levels.

On the upside , resistance comes at the 1203 levels (main), break of the 1203 levels on a daily closing basis will turn outlook neutral and open 1213 /1223 levels before the next fall..

In all , as long as 1203 resistance holds on a daily closing basis , outlook in XAUUSD remains on the downside towards the 1183/1170 levels ahead of the 1150 levels , above the 1203 levels will bring rebound towards the 1213/1223 levels before the next fall..

Note that losing the 1170 levels on a daily closing basis , will turn 1170 levels from support to resistance level…

Intraday : Resistance comes at the 1203 levels (main) , below 1203 levels look for 1189 levels where a cut will open 1170 levels , above the 1203 levels look for possible rebound towards the 1213/1223 levels.

 

XAUUSD Daily Forecast Dec 26 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS