XAUUSD Daily Forecast Sept 25 2014

Outlook in XAUUSD remains on the downside as long as resistance 1235 holds on a daily closing basis  , support comes at the 1208 levels , a cut will resume the whole fall towards the 1200 levels , a halt is likely , but losing the 1200 levels will continue losses towards the 1190 levels ahead of the 1180 levels .

On the upside , resistance comes at the 1235 levels , sustained trading – daily closing – above the 1235 levels will put the pair in recovery mode , but upside move above the 1235  levels should be limited by the 1250/1272 levels..

In all , as long as resistance 1235  holds on a daily closing basis , outlook in XAUUSD  remains on the downside towards the 1208/1200 levels , a clear break above the 1235  levels will bring recovery towards  the 1250/1272  levels before the next fall..


XAUUSD Daily Forecast Sept 25 2014