KENJICHEN

0319-XAUUSD Analysis

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

XAUUSD
Gold striving up as I mentioned yesterday, however, the downward trend line is breakout in Asia mkt, but its not a perfect path for uptrend momentum.

Even though gold is creating new high this week, we should better keep stay in long position for safety.

In daily trading, I recommend long gold at 1306 for anticipating boost in Euro market.

Support: 1303 / 1306

Resistance: 1309 / 1311 / 1315
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