XAUUSD Daily Forecast Mar 26 2015

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Outlook in XAUUSD remains on the upside as long as 1192 support holds on a daily closing basis , resistance comes at 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 1192 levels ,  below the 1192 levels will turn outlook neutral and open the 1175 levels before the next rise ,  a clear break below the 1175 levels is needed to restore the downside momentum …If seen , a lower leg below the 1142 levels is suggested …

In all , as long as 1192 support holds on a daily closing basis , outlook in XAUUSD remains on the upside towards the 1205/1222 levels before the next possible fall , below the 1192 levels will bring a corrective pullback towards the 1175 levels before the next rise…

In the medium term forecast , I ‘d expect strong resistance from the 1228/1255 levels to limit rise from the 1142 levels and bring fall resumption …….

XAUUSD Daily Forecast Mar 26 2015

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