Technician

Gold: Retesting Support Cluster

FX:XAUUSD   Gold/U.S. Dollar
548 0 6
No forecast, just an observation

Gold             strong bearish momentum pushed price back towards the cluster of support levels around 1290.00 areas.

1)200-days SMA
2) Broken Neckline for IHS            
3)Static Horizontal Support and 50 percent retracement for the latest bullish wave.

I will be monitoring price action around this area and over the lower time intervals for a trading signal.

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