XAUUSD Weekly Forecast Mar 23 2015

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gold65FILEminimizer

Outlook in XAUUSD has turned neutral with risk to the downside , resistance comes at the 1188 levels , a failure to hold above the 1188 levels on a weekly closing basis could mean a return to the 1142 levels where a cut will open the 1100 levels , a halt is likely  but further down will pave the way towards the 1040 levels ahead of the 975 levels .

On the upside ,  resistance comes at the 1188 levels , a clear break above the 1188 levels will suggest short term bottoming and open the 1123 levels before the next fall..

In all , as long as 1188 resistance holds on a weekly closing basis , outlook in XAUUSD remains on the downside towards the 1142 levels ahead of the 1100 levels , a clear break above the 1188 levels will bring limited gains below the 1123 levels before the next fall..

 

XAUUSD Weekly Forecast Mar 23 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS

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