XAUUSD Daily Forecast Oct 28 2014

Outlook in XAUUSD has turned to the downside as long as resistance 1232 holds on a daily closing basis , support comes at the 1225 levels , losing this level would open 1216 next , further downside will aim the 1209 levels , below this level will bring a free fall towards the 1200/1181 levels.

On the upside , resistance comes at the 1232 levels , break of 1232 on a daily closing basis will turn outlook bullish again towards the 1255 levels , a halt is likely , but If this resistance is taken out , expect the pair to strengthen further towards the 1273 levels ahead of the 1296 levels.

In all , as long as resistance resistance 1232 holds on a daily closing basis , outlook in XAUUSD remains on the downside towards the  1225 levels ahead of 1216 levels , above the 1232 levels will turn outlook bullish towards the 12555 levels.

 

XAUUSD Daily Forecast Oct 28 2014

MARKET DATA

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