Forex Today News Signals Gold XAUUSD 01-28-2014

Forex Today News Signals Gold XAUUSD 01-28-2014

BEARISH below 1267 ; moving toward 1257 and possibly 1250
Breaking 1267 will trigger a possiblity to 1271 and 1277

Pivot : 1267

Support : 1257 1250

Resistance : 1271 1277

Last Price : 1254.81
Our preference: Short positions below 1265 with targets @ 1244 & 1231 in extension.

Alternative scenario: Above 1265 look for further upside with 1279 & 1293 as targets.

Comment: the upward potential is likely to be limited by the resistance at 1265.