XAUUSD Weekly Forecast Mar 10 2014

Outlook in XAUUSD is neutral with risk to the upside as long as support 1328 holds on a weekly basis , resistance comes at the 1361  levels ahead of the  1393 levels  (main) , break of the 1393 levels  would open the 1433 levels  next.

On the downside , stability above the 1328 levels  will keep pushing towards the 1361 levels , sustained trading below the 1328 levels would weaken the current bullish run and open 1307 levels , a halt is likely , but sustained trading below the 1307 levels  will bring deeper decline towards the 1275 levels , more losses will open the 1240 levels.

In all , as long as support 1328 holds , the XAUUSD will remain based to the upside towards the 1361 ahead of the 1393 levels , below the 1328 levels will turn outlook neutral for 1307 before the next possible rise……..

 

XAUUSD Weekly Forecast Mar 10 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS

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