XAUUSD Daily Forecast Jan 27 2015

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gold65FILEminimizer

Outlook in XAUUSD is neutral with possible risk to the upside at the moment , the pair is in a pullback mode as long as the pair trades above the 1266 levels on a daily closing basis and further upside is likely the upcoming days , yesterday ; a short term support has been printed at the 1275 levels , losing the 1275 levels on a daily closing basis will build strong pressure on main support at the 1266 levels , but in return , a failure to hold below the 1275 levels on a daily closing basis could mean a return to the 1307 levels , a halt is likely but a break would open 1325 next , further upside will target the 1350/1365 levels.

On the downside , support comes at the 1266 levels , losing this level on a daily closing basis will extend the pullback from the 1307 levels towards the 1224 levels before the next possible rise ..

In all , as long as 1266/1275 support holds on a daily closing basis , outlook in XAUUSD remains on the upside towards the 1307/1325 levels , losing the 1266 levels on a daily closing basis will suggest short term topping and pave the way towards the 1224 levels before the next possible rise ..

 

XAUUSD Daily Forecast Jan 27 2015

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