XAUUSD Intraday Forecast Mar 14 2014

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Recommendations: LONG positions above 1363 with 1375 & 1380 as next targets.

Alternative scenario: The downside breakout of  1363 will call for a slide to 1357/1354.

Description: Intraday outlook in XAUUSD remains on the upside as long as support 1363 holds on hourly basis with risk towards the 1375/1380 levels , stability above the 1380 would open 1391 next , further out will aim the 1400 levels .On the downside , support comes at the 1363 levels , losing this level will turn outlook neutral for retesting the 1357/1354 levels , below 1354 will turn focus on the 1345 levels before the next rise .Sustained trading below 1345 – daily close is better –  will confirm topping and open 1337/1328 levels and possible lower.

Support & Resistance : 1337 ,1345 (critical),1354,   1363 (Pivot)  ,1367 , 1380 , 1391 , 14000

 

XAUUSD Intraday Forecast Mar 14 2014

MARKET DATA

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