XAUUSD Intraday Forecast Mar 10 2014

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Recommendations: LONG positions above 1328 with 1336 & 1341 as next targets.

Alternative scenario:The downside breakout of 1328 will call for a slide to 1322/1319.

Description: Intraday outlook in XAUUSD is neutral with risk to the upside as long as support 1328  holds on hourly basis, break of 1353 on hourly basis is needed to resume the upside offensive, If seen It will target the 1362 levels , further out will aim the 1370 levels. On the downside , support comes at the 1328  levels , losing the 1328 levels on hourly basis will  open 1323/1319 levels before the next possible  rise..

Support & Resistance :1313 ,1319 ,1323, 1328 (Pivot)  , 1336 , 1341 , 1353

 

XAUUSD Intraday Forecast Mar 10 2014

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