Gold - losses below daily low

FX:XAUUSD   Gold Spot / U.S. Dollar
Gold's failure to see a bullish break from expanding channel on weekly closing basis if followed by a failure again to take out channel hurdle and a drop below Asian session low of $1317.88 levels would open doors for a drop to $1300 levels.

On the higher side, a rebound from $1325 if followed by a cut through $1335 (daily high) could yield a rise to $1360. A day end closing above $1335 would expose $1380 levels.
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