2lalit
Long

GOLD IN TEMPORARY DECLINE WITH THE 1st SUPPORT AT AROUND $1322

FX:XAUUSD   Gold Spot / U.S. Dollar
72 0 7
PRICE STILL MOVE WITHIN 42D AREA OR WITHIN INJURY TIME TO CLOSED ABOVE THE HIGH THAT WILL END ON 15 - 22 Augustus 2016. ANY SELL PRESSURE AT LEAST SHOULD BE HOLD AT AROUND $1322 OR $1308/$1297 FOR THE NEXT HIGHER.

As my previous analysis as far as price move above $1322 within Injury Time, the PM have a tendency to test $1392 High 2014.03.17 AND $1433 High 2013.08.26. If price moves below $1322 then $1308/$1297 should be hold the Decline (optional).

The tendency of $1392/$1433 test could be seen from the historical of HIT & FULLY COVERED AREA as shown in this chart.


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