$XAUUSD tapping the 1305 Resistant area
The gold is tapping the 1300 resistant area. The USD index at daily support. I like to see how the price develop around here. These all make sense if the Gold make a bearish reversal, while the USD index do a great rally. Here is the place where the Bear run out the power to hold his short position and new Bulls afraid to join the Bulls runs. I am expecting Gold to test the 1,220 - 1,200 support area soon. The 1,260 area become my intraday support.
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