KENJICHEN

0325-XAUUSD Analysis

Long
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar

XAUUSD
Gold closed in a relative strong position around at 1312 last week, then is obviously gold didnt want to breakdown 1310 as second confirmation in Asia market today.

In US market overview, gold may continue to challeng 1320 high and the resistance around at 1321~1323, therefore, we should better long gold at 1314 for catching uptrend opportunity as if gold retrace before US market open.

In other way, the resistance around at 1321~1323 will give more pressure to gold, so it will be a price to offset the long position and do opposite strategy.

Support: 1311/1314.5
Resistance: 1318 / 1321 / 1323
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