XAUUSD Daily Forecast Nov 05 2014

Outlook in XAUUSD remain on the downside as long as resistance 1190 holds on a daily closing basis , support comes at the 1261 levels , a cur will open the 1135 levels , a halt is strongly suggested , but a break would open 1100 next , further downside will aim the 1067 levels.

On the upside , resistance comes at the 1190 levels , break of the 1190 levels should weaken the current bearish run for retesting the 1215/1255 levels before the next fall.

In all , as long as resistance 1190 holds on a daily closing basis , outlook in XAUUSD remains on the downside towards the 1161 levels ahead of the 1135 levels. above the 1190 levels will bring rebound towards the 1215/1255 levels before the next possible fall .

XAUUSD Daily Forecast Nov 05 2014

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