XAUUSD Daily Forecast Feb 26 2015

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Outlook in XAUUSD  has turned neutral with risk to the downside , resistance comes at the 1211 levels , a failure to hold above the 1211 levels on a daily closing basis , could mean a return to the 1199 levels , a halt is likely but a cut would open the 1175 levels , further down will target the 1167 levels …

On the upside , resistance comes at the 1211 levels , sustained breakout – daily closing – above the 1211 levels will suggest short term bottoming and open 1228 levels , a halt is likely but a break would open 1236 levels.

In all , as long as 1211 resistance holds on a daily closing basis (GMT close) , outlook in XAUUSD  remains on the downside towards the 1199 levels where a cut will open 1175 levels , above 1211 will bring rebound towards the 1228/1236 levels before the next move (fall)..

XAUUSD Daily Forecast Feb 26 2015

MARKET DATA

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