XAUUSD – Intraday Forecast 28 Jan 2014

Recommendations: LONG positions around 1248 with 1255 & 1260 as next targets.
Alternative scenario:
The downside breakout of 1244 will bring a slide to 1237/1232.
Description:
 Intraday bias in XAUUSD is neutral with risk to the upside towards 1255 ahead of 1261 levels  as long as support 1244 holds on hourly closing basis , break of 1261 is needed to open 1270/1275 next .On the downside ,losing 1244 on hourly basis would signal short term topping and open 1237 ahead of 1231 levels , below 1231 will extend losses towards 1225/1218 levels.

Written by : www.askhaitham653.com/

Views: 209

Tags: EUR/USD, EURUSD

Comment by George Sofianos on January 28, 2014 at 12:57pm

Nice forecast haitham, thanks

Comment by paul chijioke okeke on January 28, 2014 at 2:54pm

Hi sir,honestly i must say this you are more than a friend, been a helping hand to us here without demanding for some money.keep it up indeed you are different.

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