XAUUSD (1317.11): Gold prices closed with a doji pattern yesterday with price action indicating a corrective move to the upside. Following the breakdown of the support level near 1327 – 1325, gold prices briefly tested the 1303 level before reversing strongly. We expect to see the upside momentum, pushing gold prices back to the breached support level where resistance could now be established. Watch for a reversal at this level as we expect the declines to continue lower back to 1303 level.
: Gold prices closed with a doji pattern yesterday with price action indicating a corrective move to the upside. Following the breakdown of the support level near 1327 - 1325, gold prices briefly tested the 1303 level before reversing strongly. We expect to see the upside momentum, pushing gold prices back to the breached support level where resistance could now be established. Watch for a reversal at this level as we expect the declines to continue lower back to 1303 level.){kind=link}