KENJICHEN

0322-XAUUSD Analysis

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FX_IDC:XAUUSD   黄金现货/美元

XAUUSD

Gold reached almost 1321 as our short target yesterday in previous analysis.

There was a bad pattern to gold in last Asia and Euro market, so that's why gold had harsh retrace to cover FED gain.

In today's view, gold had support in Asia market and would try to pullback to 1314 at least, thus, we may waiting to short at 1314 or in reversal horizon.

In other side, long for gold will not be a problem, but its will need to take more risk to long it right now, moreover, better way for long position is at 1310.

Support: 1307 / 1310 /

Resistance: 1314 / 1317

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