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0524-XAUUSD Analysis

FX_IDC:XAUUSD   黄金现货/美元

XAUUSD
Gold faced resistance around 1284 in Euro trading zone, thus 1284 is obviously a level that pressure exist.

Overview my previous idea about gold, gold may maintain above 1277 this week and recharge the energy for next downtrend if it does.

Therefore, the nearest resistance level is 1284 and 1288, so we can spot these level to short gold for plunge next week.

The best time to short is around 15:00.

Support: 1278
Resistance 1284 / 1288
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