XAUUSD Daily Forecast Jan 15 2015

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Outlook in XAUUSD remains on the upside as long as 1224/1240 support holds on a daily closing basis , resistance comes at the 1260 levels , a halt is likely , but a break would open 1280 next , further upside will target the 1295 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 1224/1240 support holds on a daily closing basis , outlook in XAUUSD remains on the upside towards the 1260 levels ahead of the 1280 levels , below 1224 levels will reverse risk towards the 1207 levels before the next rise ..

 

XAUUSD Daily Forecast Jan 15 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS