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XAU/USD Forecast

By ForexFeb 01, 2013 12:12PM GMT 1 Comment
 
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Thursday's market gave mixed sentiments toward our forecasts and some pairs picked up quite well such as GBP/USD. Today, we've upgraded our forecasts and the ranges are now even tighter. I'm expecting some swings today as there is NFP news release later on in the day. All in all, I see the US Dollar gaining strength before weakening. We have now also added the precious metal Gold.

Currency Outlook
  • US Dollar : Swing (Strong then Weak)
  • Gold : Strong
  • Long : XAUUSD
Today we're expecting the XAU/USD to proceed Long above the barrier levels of 1661.81 and 1657.99.

Fundamental Watch
  • Manufacturing PMI
  • Nonfarm Employment Change
  • Unemployment Rate
  • ISM Manufacturing PMI
EUR/USD
EUR/USD
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Tom Sloane
Tom Sloane Feb 17, 2013 09:48PM GMT
Any update on where gold is going.....1607 it's dropping lik a brick
 
 
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