XAUUSD Daily Forecast Mar 17 2015

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gold65FILEminimizer

Outlook in XAUUSD remains on the downside as long as 1163 resistance holds on a a daily closing basis , support comes at the 1147 levels , a halt is likely but a cut would open 1127 next , further down will target the 1100 levels.

On the upside , resistance comes at the 1163 levels , sustained breakout -daily closing –  above the 1163 levels will turn outlook neutral and bring rebound towards the 1190/1200 levels before the next fall..

In all , as long as 1163 resistance holds on a daily closing basis , outlook in XAUUSD remains on the downside towards the 1147 levels where a cut will open 1127/1100 levels , a clear break above the 1163 levels will turn outlook neutral and bring consolidation below the 1190/1200 levels before the next fall.

 

XAUUSD Daily Forecast Mar 17 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS

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