XAUUSD – Weekly Forecast 30 Dec – 03 Jan

gold _ usd

Recommendations: SHORT positions below 1227 with 1198  &  1182 as next target.
Alternative scenario: The upside breakout of 1227 will call for a rebound to 1242/1250.
Description: Initial bias remains bearish this week as long as 1227 resistance holds, sustained break of 1198 will pave the way towards 1180 ahead of 1172 levels. On the upside, break of 1227 will turn bias neutral and bring consolidations for retesting 1242 ahead of 1250 levels.

Support and resistance : 1166 , 1182 , 1198 ,1210 , 1220 , 1227 (Pivot) , 1242 , 1256 , 1270

 

MARKET DATA

UPCOMING ECONOMIC EVENTS

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