KENJICHEN

0409-XAUUSD Analysis

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

XAUUSD
Will gold soaring tonight to 1312?

Gold got second confirm for construct short-term bottom at 1296~97 recent days, even though the resistance area is around.

However, we should have confidence on long side to gold, if once gold maintain 1300 level, it would get opportunity to rising more.

As long as 1303 can breakout, gold may up to 1307/1312.

Support: 1296 / 1300
Resistance: 1303 / 1307
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