XAUUSD Weekly Forecast 27 – 31 Jan

blank

XAUUSD Weekly Forecast 27 – 30 Jan  (Rebound )

Recommendations: LONG positions above 1265  with 1277 & 1305 as next targets.

Alternative scenario: The downside breakout of 1265 will bring a slide to 1245/1232.

Description: Outlook in XAUUSD is on the upside this week with risk towards 1277 ahead of 1305 levels as long as support 1265 holds on a daily closing basis, break of 1305 would open 1327 levels next.On the downside losing the key support 1265 would turn outlook neutral and open 1245 ahead of 1232 levels.

Support & Resistance : 1218 , 1232 , 1245 , 1265 (Pivot) , 1277 , 1305, 1327

 

XAUUSD Weekly Forecast 27 - 31 Jan

MARKET DATA

UPCOMING ECONOMIC EVENTS