Gold pierced the resistance level at 1291 and generated a trading opportunity. The next target of XAUUSD is probably 1334. The stop-loss can be placed at 1285 or 1280.
Gold is about to break the resistance at 1293. If Gold pierce the resistance level then xauusd can climb to 1350. A stop-loss can be replaced at 1285.
Gold made a turnaround at 1260 – EMA200 and testing the resistance of descending trend channel’s upper line and also EMA50 at 1290. XAUUSD will probably test the significant resistance level at 1300 again.
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Gold is knocking on a significant resistance level at 1350-60. Before piercing it, gold will eventually experience a pull back due to high RSI. After 1350, the next target is the next significant resistance waiting at 1430.
After relative high volatility on Friday, Gold is pulling back and will eventually try to establish a bottom around 1288.
Gold is trapped in a triangle formation which is likely to be broken upwards.
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