XAUUSD Daily Forecast Sept 12 2014

Outlook in XAUUSD remains on the downside as long as resistance 1250/1271  holds on a daily closing basis , support comes at the 1234  levels where a cut will open the 1217  levels , a halt is likely , but losing the 1217  levels will open 1195  next , further downside will aim the 1172  levels…

On the upside , resistance comes at the 1250  levels ahead of the 1271  levels (main) , a clear break above the 1271  levels will turn outlook neutral for retesting the 1287/1297  levels before the next fall…

In all, as long as resistance 1250/1271  holds on a daily closing basis , outlook in XAUUSD remains on the downside towards the 1234  levels ahead of the 1217 levels , above the 1250  levels would only delay the bearish move for retesting the 1271  levels before the next fall…

 

 

XAUUSD Daily Forecast Sept 12 2014

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