XAUUSD Weekly Forecast Sept 15 2014

Outlook in XAUUSD remains on the downside as long as long resistance 1257 holds on a weekly closing basis , support comes at the 1227 levels , ┬álosing this level will accelerate the bearish move towards the 1200 levels . a halt is likely , but further losses will pave the way towards the 1180/1170 levels…

On the upside , resistance comes at the 1240 levels ahead of the 1257 levels (main) , a clear break above the 1257 levels will turn outlook neutral for retesting the 1272/1292 levels before the next fall…

In all , as long as resistance 1240/1257 holds on a weekly closing basis , outlook in XAUUSD remains on the downside towards the 1200 levels and possible lower towards the 1180/1170 levels , a clear break above the 1257 levels will reverse risk towards the 1272/1292 levels before the next fall…

 

XAUUSD Weekly Forecast Sept 15 2014

MARKET DATA

UPCOMING ECONOMIC EVENTS

2 COMMENTS

  1. Just want to say your article is as surprising. The clearness in your post is just great and i can assume you are an expert on this subject. Well with your permission allow me to grab your RSS feed to keep up to date with forthcoming post. Thanks a million and please carry on the enjoyable work.

Comments are closed.