XAUUSD : current long bias
As the greenback fails to conqur new high and the maket is affeted by the fear of unclear Brexit and global economic recession, this yellow metal is supported well @1284 recently.
Last night, the price tested 1303/1304 and then quickly fell back under 1300 and tested 1296/1297, now it has potential to go upward test 1311. Price is in a triangle zone, and 1311 is the resistance. Once it breaks 1311, then the next target will be 1320 - 1323. But if the resistance of 1311 holds well, then it will fall back to around 1288.
As for US session's plan, I would love to see the price go upward, and look for a chance to sell @1311.
Last night, the price tested 1303/1304 and then quickly fell back under 1300 and tested 1296/1297, now it has potential to go upward test 1311. Price is in a triangle zone, and 1311 is the resistance. Once it breaks 1311, then the next target will be 1320 - 1323. But if the resistance of 1311 holds well, then it will fall back to around 1288.
As for US session's plan, I would love to see the price go upward, and look for a chance to sell @1311.
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