XAUUSD Weekly Forecast Mar 02 2015

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Outlook in XAUUSD has turned to the downside as long as 1228 resistance holds on a weekly closing basis , support comes at the 1178 levels , a halt is likely , but a cut will open 1131 next , we might see hesitation or rebound , If this level fails , further down towards the 1100 is likely ..

On the upside , resistance comes at the 1228 levels , sustained breakout – weekly closing –  above  the 1228 levels will turn outlook towards the 1285/1307 levels before the next move..

In all , as long as 1228 resistance holds on a weekly closing basis , outlook in XAUUSD remains on the downside towards the 1178 levels ahead of the 1131 levels , above the 1228 levels will recapture the 1285/1307 levels.

 

XAUUSD Weekly Forecast Mar 02 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS