XAUUSD Daily Forecast Oct 13 2013

Outlook in XAUUSD remains neutral with risk to the downside as long as resistance 1235 holds on a daily closing basis , support comes at the 1204 levels , a clear break below this level would open 1181 next , further downside will pave the way towards the 1166/1156 levels.

On the upside , resistance comes at the 1235 levels , a clear break above the 1235 levels will bring strong rebound towards the 1273 levels , a halt is likely , but further upside will aim the 1296 levels.

In all , as long as resistance 1235 holds on a daily closing basis , outlook in XAUUSD remains on the downside towards the 1204 levels ahead of the 1181 levels , a clear break above the 1235 levels will bring strong recovery towards 1273 levels .

 

XAUUSD Daily Forecast Oct 13 2013

MARKET DATA

UPCOMING ECONOMIC EVENTS

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