What was once support has now turned into resistance at the 1348/1356 level. Gold is still trading in a range. The break of the demand level around 1328 is where I would consider taking a major short. For now I will continue to trade within the levels of the range off the supply and demand structure with conjunctions of breakout plays.
Looking for a possible break of the 1328.00 demand level down to the level 1314 for a continued short. If demand level isn't broken I will take longs back to previous demand which is broken taken TP around the 1348.00 level. Im neutral on this pair and have been taking longs and shorts consistently for over a month.
Looking for a short on the N/U position. This pair is coming out of a daily supply level. I looking for a TP around the 0.70800 level. If the level is broken I will look further to short down to the demand area 0.7000. I'm only looking for longs if the daily supply level is broken up around 0.72400. My bias is going short for now.