XAUUSD Daily Forecast Feb 13 2015

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gold65FILEminimizer

Outlook in XAUUSD has turned to the downside as long as 1227 resistance holds on a daily closing basis , support comes at the 1206 levels , a halt is likely but a cut would open 1197 next , further down will pave the way towards the 1178 levels ahead of the 1167 levels.

On the upside , resistance comes at the 1227 levels , break of the 1227 levels on a daily closing basis will put the pair in recovery mode , but recovery above the 1227 levels should be limited by the 1255 levels where fall resumption is likely .

In all , as long as 1227 resistance holds on a daily closing basis , outlook in XAUUSD remains on the downside towards the 1206/1197 levels , above the 1227 levels , it faces a recovery risk below the 1255 levels before the next fall..

 

XAUUSD Daily Forecast Feb 13 2015

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