XAUUSD Daily Forecast Mar 12 2014

The XAUUSD continued its bullish momentum yesterday , printed support at the 1337 levels . This development leaves the pair targeting the 1365 levels where a breach will turn focus on the 1380 levels , further out will aim the 1400 levels .

On the downside , support comes at the 1337 levels , stability above this level on  a daily basis will keep pushing towards the 1365/1380 levels . losing the 1337 levels will turn outlook neutral and open 1328 levels before the next possible rise.

In all , as long as support 1337 holds on a daily basis , the XAUUSD will remain based to the upside towards the 1365 levels ahead of the 1380 levels , losing the 1337 levels will reverse risks towards the 1328 levels….

 

XAUUSD Daily Forecast Mar 12 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS