KENJICHEN

0328-XAUUSD Analysis

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

XAUUSD
Gold experiences mass downward pressure after reached resistance area I mentioned in previous idea.

In daily trading, Gold continuing to create new low and breakdown the trendline, thus it is a negative signal to gold for testing 1300 level.

I recommended short gold around at 1307 and target to 1302~1300.

Support:1302 / 1298
Resistance:1307 / 1309
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