XAUUSD – Intraday Forecast 24 Jan 2014

XAUUSD – Intraday Forecast 24 Jan 2014 (Upside Bias)

Recommendations: LONG positions above 1256 with 1260 & 1265 as next targets.
Alternative scenario:
The downside breakout of 1256 will bring a slide to 1250/1245.
Description: 
Intraday bias in XAUUSD is on the upside with risk towards 1260 ahead of 1265 levels as long as support 1256 holds on hourly basis, break of 1265 will open 1270/1275 next.O n the downside ,losing 1256 on hourly basis would delay the bullish move for retesting 1250/1245 levels before the next rise, below 1245 would extend losses to 1240/1235 levels.

 

 

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