XAUUSD Daily Forecast Jan 09 2015

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Outlook in XAUUSD has turned neutral with risk to the downside , support comes at the 1198 levels while resistance comes at the 1223 levels ..

On the downside , losing the 1198 levels will resume the downward trend and open 1186 next , further down will target the 1178 levels .

On the upside , resistance comes at the 1223 levels , a clear break would open 1232 next , further upside will aim the 1240 levels.

In all , the XAUUSD  is likely to consolidate within 1198/1223 range before the next move , above the 1223 levels will open 1232/1240 levels while below 1198 will open 1186/1178 levels..

XAUUSD Daily Forecast Jan 09 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS

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