XAUUSD Weekly Forecast Jun 30 2014

Outlook in XAUUSD  remains on the upside this week with risk towards the 1344 levels, sustained trading above the 1321 levels will accelerate the expected bullish move towards the 13444 levels , a halt is likely , but a break would open 1372 next , further upside will aim the 1403 levels….

On the downside , support comes at the 1306 levels , sustained trading – weekly closing below this level will turn outlook neutral for retesting the 1276 levels ahead of the 1258 levels before the next rise…..

In all , as long as support 1306 holds on a weekly closing basis , outlook in XAUUSD remains on the upside towards the 1344 levels and possible higher towards the 1372 levels , below 1306 will turn outlook neutral towards the 1276/1258 levels before the next strong rise……


XAUUSD Weekly Forecast Jun 30 2014