KENJICHEN

0516-XAUUSD Analysis

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

XAUUSD
Gold still stay in good condition and waiting rising signal to up above 1300 level.

Maintain long position strategy and target 1306 first when gold conquer the 1300. Consider long right now if u didn't have position right now and SL will be 1294.

Support: 1294 / 1292
Resistance: 1300 / 1306
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