XAUUSD Weekly Forecast Jan 19 2015

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gold65FILEminimizer

Outlook in XAUUSD remains on the upside as long as 1250/1224 support holds on a weekly closing basis , resistance comes at the 1280 levels , a halt is likely but a break would open 1315 next , further upside will target the 1340 levels.

On the downside , support comes at the 1250 levels ahead of the 1224 levels (main) , losing the 1224 levels on a weekly closing basis will reverse risk to the downside towards the 1178 levels ahead of the 1132 levels before the next move..

In all , as long as 1224 support holds on a weekly closing basis , outlook in XAUUSD remains on the upside towards the 1280 levels ahead of the 1315/1340 levels , below the 1224 levels will reverse risk to the downside towards the 1178/1132 levels…

 

XAUUSD Weekly Forecast Jan 19 2015

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