KENJICHEN

0314-XAUUSD Analysis

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

XAUUSD
Gold retrace hardly in Asia trading time after hit downward trendline at 1311.

Generally, 1300 is a specific price to gold for present strangeness or weakness, if gold can keep above 1300 that will be a signal for future rising.

Therefore, I recommend do long at 1300
for capture bounce at critical point.

Support: 1296 / 1300

Resistance: 1306 / 1310


XAUUSD
Gold retrace hardly in Asia trading time after hit downward trendline at 1311.

Generally, 1300 is a specific price to gold for present strangeness or weakness, if gold can keep above 1300 that will be a signal for future rising.

Therefore, I recommend do long at 1300
for capture bounce at critical point.

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