Technician

Gold: Probably Pulling-Back

FX:XAUUSD   Gold / U.S. Dollar
655 0 15
Prior update:
Gold:Update: Challenging 1294.00 Resistance


Gold             extended upside hitting the 61.8% retracement and resistance level . The price failed to take the level last two weeks, forming pin bars, therefore I would be a bit cautious at this area anticipating a pullback for a retest of the 1300.00 areas.
However, overall strong bullish breakout mode is dominant, and accordingly we will probably see higher levels towards the full target at 1360.000 areas.

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