FX:XAUUSD   Gold Spot / U.S. Dollar
Looking for a rejection on the resistance level before entering a sell, as there is potential for XAU USD to break through the resistance level .

Gold touched the lows of January early in the week but has bounced back and is now at the best levels since last Friday.

The rebound underscores the $1275-$1300 range that's characterized gold for the past three weeks. We're still in the countdown to lunar new year with China on holiday the week of Feb 4. That's a tailwind for gold but it needs to break above the top of the range to generate any real momentum.



FOREXCOM:XAUUSD
Comment: Took Long instead of short after breakout