0
180
- Our near-term trend bias is positive on the metal while over 1280
- A move through 1321 is needed to confirm that a more meaningful move higher is in fact underway
- A cycle turn window of importance is seen around the start of next month
- A daily close under 1280 will turn us negative on Gold
XAU/USD Strategy: Like the long side while 1280 holds
Instrument | Support 2 | Support 1 | Spot | Resistance 1 | Resistance 2 |
---|---|---|---|---|---|
XAU/USD | 1280 | 1290 | 1300 | 1321 | 1327 |