XAUUSD Daily Forecast Mar 24 2015

gold65FILEminimizer
gold65FILEminimizer

The XAUUSD maintained a bullish momentum yesterday , topped at the 1192 levels and bottomed at the 1179  levels . This development leaves the pair targeting the 1205 levels , a halt is strongly suggested  but a break would open 1222 next , further upside will target the 1240 levels.

On the downside , main support comes at the 1179 levels , note that a failure to hold gains above the 1192 levels could mean a return to the  1179 levels , a halt is likely , but a clear break below the 1179 levels will terminate the last bullish run and restore the downside momentum and bring a lower leg below the 1142 levels .

In all , as long as 1179 support holds on a daily closing basis , outlook in Gold remains on the upside towards the 1205/1222 levels before the next possible fall , below the 1179 levels will restore the downside momentum and open the 1159/1142 levels ..

 

XAUUSD Daily Forecast Mar 24 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS