XAUUSD Weekly Forecast Jun 16 2014

No change , outlook in XAUUSD remains on the downside as long as resistance 1285 holds on a weekly basis , support comes at the 1240 levels ahead of 1231 ( main ) , below this level expect to see a free fall towards the 1200 levels ahead of 1282 levels….

On the upside , resistance comes at the 1257 levels ahead of 1285 levels , break of 1285 will turn outlook neutral for 1315 levels . If this resistance is taken out , expect to see the pair around the 1335 levels ahead of 1392 levels…

In all , as long as resistance 1285 holds on a weekly basis , outlook in XAUUSD remains on the downside towards the 1240/1231 levels , break of 1285 will reverse risks towards the 1300/1315 levels before the next possible fall…

 

XAUUSD Weekly Forecast Jun 16 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS

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