XAUUSD Daily Forecast Jan 08 2015

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gold65FILEminimizer

Outlook in XAUUSD has turned to the downside as long as 1210 resistance holds on a 4 hour closing basis , support comes at the 1198 levels , a halt is likely but a cut would open 1186 next , further down will target the 1178 levels..

On the upside , to restore the upside momentum , 1210 should be taken out on a 4 hour closing basis , If seen , focus will be on the 1223 levels , further upside will target the 1232 levels..

In all , as long as 1210 resistance holds on a 4 hour closing basis , outlook in XAUUSD remains on the downside towards the 1198 levels ahead of the 1186 levels , above the 1210 levels will reverse risk towards the 1223 levels ahead of the 1232 levels…

 

XAUUSD Daily Forecast Jan 08 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS