XAUUSD Daily Forecast Sept 04 2014

Outlook in XAUUSD remains on the downside as long as resistance 1287 /1296 holds on a daily closing basis , support comes at the 1262 levels where a cut will open the 1253 levels , a halt is likely , but losing the 1253 levels will open 1240 next , further downside will aim the 1228 levels…

On the upside , resistance comes at the 1272/ 1287 levels ahead of the 1296 levels (main) , a clear break above the 1296 levels will turn outlook neutral for retesting the 1305/1322 levels before the next fall…

In all, as long as resistance 1287/1296 holds on a daily closing basis , outlook in XAUUSD remains on the downside towards the 1253 levels ahead of the 1240 levels , above the 1296 levels would only delay the bearish move for retesting the 1305/1322 levels before the next possible ¬†fall…

 

XAUUSD Daily Forecast Sept 04 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS