XAUUSD Weekly Forecast 20 – 24 Jan

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XAUUSD Weekly Forecast 20 – 24 Jan  (Rebound )

Recommendations: LONG positions above 1232  with 1255 & 1267 as next targets.

Alternative scenario: The downside breakout of 1232 will open 1218/1194 levels.

Description: Outlook in XAUUSD is cautiously on the upside this week with risk towards 1255 ahead of 1267 levels as long as support 1232 holds on a daily closing basis, break of 1267 would open 1276 levels next. On the downside losing  1232 would signal short term topping and turn outlook bearish towards 1218 levels where a breach will turn the focus on the 1211/1194 levels.

Support & Resistance : 1194 , 1211 , 1218 , 1232 (Pivot) , 1245 , 1255 , 1267

 

XAUUSD Weekly Forecast 20 - 24 Jan

MARKET DATA

UPCOMING ECONOMIC EVENTS

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