KENJICHEN

0220-XAUUSD Analysis

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

XAUUSD
FED is coming, Gold may have chance to reach 1250~1252 today, it depend on whether FED can release positive signal to gold or not.
Until now gold still have space to 1352, since the uptrend of gold at 2/14.

Therefore, we can expect to long it around at 1340 for second rising opportunity after Asia trading time reach 1347.

Support: 1334.5 / 1340

Resistance: 1347 / 1352

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