XAUUSD Daily Forecast Jan 16 2015

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Outlook in XAUUSD remains on the upside as long as 1258 support holds on a daily closing basis , resistance comes at the 1280 levels , a halt is likely , but a break would open 1295 next , further upside will target the 1315 levels.

On the downside , losing the 1258 levels on a daily closing basis will turn outlook neutral towards the 1240/1224 levels before the next rise..

In all ,as long as 1258 support holds on a daily closing basis , outlook in XAUUSD remains on the upside towards the 1280 levels ahead of the 1295 levels , below 1258 levels will reverse risk towards the 1240/1224 levels before the next rise ..

 

XAUUSD Daily Forecast Jan 16 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS