FX:XAUUSD   Gold Spot / U.S. Dollar
30 0 1
Weekly, the fast indicators are in the overbought zone. However looking at the momentum maintained over the last 14weeks, with more room upside to test the strength, I am bullish on the weeks ahead. a weekly close above 1300 may trigger more fireworks. A close below 1270 (or worse below 1266) may disturb. Weekly range 1305-1310 to 1205. W-PSAR is at 1202.
Daily: With Gold             moving sideways since last Friday, the indicators start to show weariness. Or maybe, it is just a way for gold             to give a rest to the indicators so that it may recoil up. With gold             keeping its stance on its higher side of the range (daily range: 1255-1260 to 1305-1311) and it can defend the higher side, the momentum will look better as the days pass. Now for bulls, the line of support hinge upon 1276. D-PSAR at 1276.6 is important to remember for today. Should gold             really plan to go up, better stay away from D-PSAR.
Intraday: with recent zig-zag moves continuing, gold             is easily bouncing up and down, confusing the directional day-traders. 1285 seems to be yo-yo-ing just for fun. Pivot is at 1286. for this 2-3 hours, bulls should keep the close above 1288.

The moves have been more or less dependent on the brexit polls, which are now anyone's guess. Would we play defend or offend?
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