XAUUSD Intraday Forecast Feb 28

gold _ usd

Recommendations: LONG positions above 1324 with 1335 & 1338 as next targets.

Alternative scenario: The downside breakout of 1324 will call for a slide to 1318/1312.

Description: Intraday outlook in XAUUSD is neutral with risk to the upside towards 1335 ahead of 1338 levels as long as support 1324 holds on hourly basis, break of 1338 will open 1342/45 next.O n the downside, sustained trading below the 1324 levels will open 1318/1312 levels before the next possible rise.

Support & Resistance : 1307 , 1312,1318 , 1324 (Pivot)  , 1335, 1338 , 1345
XAUUSD Intraday Forecast Feb 28

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