KENJICHEN

0227-XAUUSD Analysis

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

XAUUSD
Gold seems more fragile than other currencies yesterday, even though DXY drop to 96 after Powell speech.

So it may be a concern about gold need more time or wash dish to regain the momentum to push up.

Therefore, the trend of gold would not be clarify and more compress today, but we should still stand by long side for daily trading.

Consider long around at 1327 again to expected gold will bounce to test high 1331~1332.
Reversal horizon will be the critical time for long side to rise.


Support: 1324 / 1327

Resistance: 1329 / 1332 / 1336

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