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0315-XAUUSD Analysis

FX_IDC:XAUUSD   黄金现货/美元

XAUUSD
Gold reveal weakness when it can't stand on 1300, then downward to 1392 yesterday. Moreover, 1393 had been confirm again in Asia trading time, so gold may motivate to recover loss and trying pullback to 1300.

In my opinion, gold would bounce to test resistance in Euro trading time, then need to digest the pressure at 1302~1304.

So in daily trading, we can try long for defend Asia's low or better waiting the resistance to short for retracement.

Support: 1393 / 1396.4

Resistance: 1302 / 1304.6
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