XAUUSD Intraday Forecast Feb 26

gold _ usd

Recommendations: LONG positions above 1333 with 1342 & 1348 as next targets.

Alternative scenario: The downside breakout of 1333 will call for a slide to 1327/1320.

Description: Intraday outlook in XAUUSD is on the upside with risk towards 1342 ahead of 1348 levels as long as support 1333 holds on hourly basis, break of 1348 will open 1355/60 next.O n the downside ,losing the 1333 levels on hourly basis would weaken the current bullish run and reverse risks towards the 1327/1320 levels before  the next possible rise.

Support & Resistance : 1313 , 1320,1327 , 1333 (Pivot)  , 1337, 1342 , 1348

XAUUSD Intraday Forecast Feb 26

 

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