XAUUSD Forecast Feb 10-14

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Recommendations: LONG positions above 1265  with 1276 & 1290 as next targets.

Alternative scenario: The downside breakout of 1265 will bring a slide to 1252/1240 levels.

Description: Outlook in XAUUSD is on the upside this week with risk towards 1276 ahead of 1290 levels as long as support 1265 holds on a daily closing basis, break of 1290 would open the 1305 levels next. On the downside losing  1265 would delay the bullish move and turn outlook towards the 1252/1240 levels but downside below 1265 should be contained well by the  1231 levels.

Support & Resistance :  1218 , 1232  , 1237 , 1252 , 1265 (Pivot), 1276 , 1290 , 1305 , 1327

 

XAUUSD Forecast Feb 10-14

MARKET DATA

UPCOMING ECONOMIC EVENTS