KENJICHEN

0514- XAUUSD Analysis

FX_IDC:XAUUSD   黄金现货/美元

XAUUSD
Today may be a day of correction for gold to recharge momentum to soar up after Tuesday.

However, its clearly in uptrend period, so consider a good price to long gold will better than catch short opportunity for retrace. Therefore, I construct two strategies for today's trading, the most important time that gold may appear long opportunity is around 13:00~14:00.

You can choose short gold at 1301 for catch correction before Euro market open or just waiting the long chance.

Support: 1295 / 1290
Resistance: 1301 / 1306
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