PkTk13
Long

Gold forms another pin bar at key support zone

FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
GoldGold forms another pin bar at key support zone , will it move higher?

Gold has been buoyant and a potential buy at support near and just above 1300.00 key level. We can see that price pulled back last week to 1313.00 area and Gold formed a small bullish pin bar there on Friday, indicating price may bounce higher from that support again this week. More conservative traders may elect to get long down closer to 1300.00 on a signal or a blind entry there. We remain bullish in Gold above 1300.00
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