Gold is pushing lower towards that support next to the 3. is diverging big time but price still pushes.
USD/JPY at the moment is bouncing on resistance at 112. A break above 112 would surely help Gold to break that support. But for the time being USD/JPY seems to have lost upside momentum and Gold seems considering about a run towards 1300 or the 100SMA if support holds.
If support do not hold 1275 is the next level of support.
Strategy: Wait & see
Thank you for your support and for sharing your ideas.
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