XAUUSD Intraday Forecast Feb 11


Recommendations: LONG positions above 1278 with 1288 & 1300 as next targets.

Alternative scenario: The downside breakout of 1278 will call for a slide to 1272/1265.

Description: Intraday outlook in XAUUSD is on the upside with risk towards 1288 ahead of 1300 levels as long as support 1278 holds on hourly basis, break of 1300 will open 1305/1313 next. On the downside, losing the 1278 levels would only delay the bullish move for retesting the 1272/1265 levels before the next rise, losing the 1265 levels will signal short term topping and open 1257/1252 levels.

Support & Resistance :1247 ,1252 , 1257 ,1265 , 1278 (Pivot) , 1288 , 1305 , 1313 , 1327


XAUUSD Intraday Forecast Feb 11




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