XAUUSD Daily Forecast Mar 10 2015

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Outlook in XAUUSD remains on the downside as long as 1190/1200 resistance holds on a a daily closing basis , support comes at the 1163 levels , a halt is likely but a cut would open 1147 next , further down will target the 1127 levels.

On the upside , resistance comes at the 1190/1200 levels , sustained breakout above the 1200 levels will turn outlook neutral and bring rebound towards the 1223/1255 levels before the next fall..

In all , as long as 1190/1200 resistance holds on a daily closing basis , outlook in XAUUSD remains on the downside towards the 1163 levels where a cut will open 1147/1127 levels , a clear break above the 1200 levels will turn outlook neutral and bring consolidation below the 1255/1223 levels before the next fall.

 

XAUUSD Daily Forecast Mar 10 2015

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