04 XAUUSD DAILY CHART

Gold has broken the key resistance at 1300 and retest again after heading up more. The next resistance zone is between 1343 and 1352.50 (1.272 extension and previous high).

Comment:

4-HOUR: Gold is moving in a range between support and resistance zone. The support zone is 1316-1320 where you can buy (wait reversal price action first) with stop loss below that zone, and the resistance zone 1343-1352.50 where you can sell (wait reversal price action first) with stop loss above that zone.

Comment:

4-HOUR: Gold has broken the key resistance at 1300 and retest again after heading up more. Pay attention at resistance zone 1343 (1.272 extension) and 1352.50 (previous high). You can short if you see reversal price action.