XAUUSD
Gold reveal weakness due to mass downward and break uptrend-line yesterday.
Asia market retest 1290 and have little rebounce to 1294, it give us a chance to short gold before Euro market open, however, the best condition is that gold stop and continue to drop at 1294~1295.
Once gold rise above 1296 it's not in a good shape to short side.
As we can see about daily chart of gold, it is in a final stage of consolidation pattern, thus it would present clear trend to market in following days.
Support: 1290 / 1288
Resistance: 1294.5 / 1296.5
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.