XAUUSD Daily Forecast Feb 06 2015

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Outlook in XAUUSD remains neutral with risk to the downside as long as 1285 resistance holds on a 4 hour closing basis , support comes at the 1258 levels , losing this level would open 1250 next , a halt is likely but a cut will open 1223 levels .

On the upside , resistance comes at the 1285 levels (main), to restore the upside momentum , sustained breakout above the 1285 levels is needed , If seen , focus will will be on the 1307 levels and possible higher on the 1325 levels..

In all , as long as 1285 resistance holds on a 4 hour closing basis , short term outlook in XAUUSD remains on the downside towards the 1258/1250 levels ahead of the 1222 levels , above 1285 will turn outlook bullish towards the 1307/1325 levels..

 

XAUUSD Daily Forecast Feb 03 2015

 

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