XAUUSD Weekly Forecast Mar 17 2014

Outlook in XAUUSD remains on the upside this week , support comes at the 1350 ahead of 1328 (main) , to resume the upside offensive , the pair needs to take out 1388 levels , If seen , It will target 1400 next , more gains will open 1430 ahead of 1460 levels.

On the downside , minor support comes at the 1350 levels , losing this level will open main support on weekly at the 1328 levels , If this support fails , expect the pair to weaken further towards 1318/1307 levels ahead of 1300 levels.

In all as long as 1328/1350 levels hold , the XAUUSD will remain based to the upside towards 1400 levels ahead of 1433 levels , sustained trading below the 1328 levels will confirm short term topping and open 1300 levels and possible lower towards 1279 levels.


XAUUSD Weekly Forecast Mar 17 2014