XAUUSD Daily Forecast Nov 17 2014

Outlook in XAUUSD remains on the upside as long as support 1178 holds on a daily closing basis , resistance comes at the 1193 levels , a break is needed to resume rise from 1131 levels, If seen , It will target 1211 next , further upside will aim the 1232 levels ahead of the 1255 levels.

On the downside , losing the 1178 levels on a daily closing basis will bring a corrective pullback towards the 1162/1146 levels ahead of the 1331 levels before the next move…

In all , as long as support 1178 holds on a daily closing basis , outlook in XAUUSD remains on the upside towards the 1193/1211 levels ahead of the 1232 levels , below 1178 will bring corrective pullback towards the 1162/1146 levels ahead of the 1331 levels before the next move…

 

XAUUSD Daily Forecast Nov 17 2014

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