XAUUSD Weekly Forecast Mar 30 2015

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Outlook in XAUUSD remains neutral with risk to the downside as long as 1223 resistance holds on a weekly closing basis , support comes at the 1188 levels , sustained breakout below the 1188 levels will restore the downside momentum and open the 1142 levels , further down will target the 1100 levels.

On the upside , resistance comes at the 1223 levels , sustained breakout – weekly closing – above the 1123 levels will suggest short term bottoming and pave the way towards the 1285/1307 levels.

In all , as long as 1223 resistance holds on a weekly closing basis , outlook in XAUUSD remains on the downside towards the 1188/1142 levels ahead of the 1100 levels , a clear break above the 1223 levels will reverse risk to the upside towards the 1285/1307 levels.

 

XAUUSD Weekly Forecast Mar 30 2015

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