XAUUSD Weekly Forecast Mar 16 2015

gold65FILEminimizer
gold65FILEminimizer

Outlook in XAUUSD remains on the downside as long as 1163 resistance holds on a weekly closing basis , support comes at the 1123 levels , a halt is likely but a cut would open 1075 next , further down will target the 1000 levels..

On the upside , resistance comes at the 1163 levels ( main) , sustained breakout – weekly closing – above the 1163 levels will suggest short term bottoming and open the 1190/1223 levels before the next fall..

In all , as long as 1163 resistance holds on a weekly closing basis , outlook in XAUUSD remains on the downside towards the 1123 levels ahead of the 1075 levels , a clear break above the 1163 levels will bring rebound towards to 1190/1223 levels..

 

XAUUSD Weekly Forecast Mar 16 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS