XAUUSD Daily Forecast Jan 14 2015

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Outlook in XAUUSD remains on the upside as long as 1224 support holds on a daily closing basis , resistance comes at the 1240 levels , a halt is likely , but a break would open 1260 next , further upside will target the 1280 levels.

On the downside , losing the 1224 levels on a daily closing basis will suggest short term topping and open the 1207 levels , a halt is strongly suggested , but losing the 1207 levels on a daily closing basis will terminate the current bullish run and open the 1178/1167 levels.

In all ,as long as 1224 support holds on a daily closing basis , outlook in XAUUSD remains on the upside towards the 1240 levels ahead of the 1260 levels , below 1224 levels will reverse risk towards the 1207 levels before the next rise ..

XAUUSD Daily Forecast Jan 14 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS

1 COMMENT

  1. I haven¡¦t checked in here for some time because I thought it was getting boring, but the last few posts are good quality so I guess I¡¦ll add you back to my everyday bloglist. You deserve it my friend 🙂

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