Gold’s recovery from the support zone
of $1300-1310 in Asia following a five-day losing streak suggests the bearish
momentum may have run out of steam and a break above $1313 could yield a test of $1320 levels.
On the lower side, break below $1300 could yield a quick fire drop to $1284 (rising trend line
On a larger scheme of things, we need to see at least two consecutive daily close below rising trend line
would suggest bullish