XAUUSD Weekly Forecast Apr 14 2014

Outlook in XAUUSD remains neutral this week with risk to the upside, main resistance comes at the 1335 levels , a clear break above this level would open 1360 next , further upside will aim the 1382 levels….

On the downside ,stability below the  1335 levels could mean a return to the 1275 levels , a break would open 1267 levels , below this level will look for the 1240 levels , further downside will aim the 1331 levels…

In all , as long as support 1275 holds on a weekly basis , the XAUUSD will remain based to the upside towards the 1335  levels , below 1375 will reverse risks towards the 1267/1240 levels .

Support and resistance : 1275 , 1300 , 1335 , 1360 , 1382

 

XAUUSD Weekly Forecast Apr 14 2014

 

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