LeoPrime Daily Market Analysis

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XAUSD : Gold longs at important support at 1284/82


Gold longs at important support at 1284/82 worked perfectly again on the bounce from 1284 to minor resistance at 1292/94. We topped exactly here but further gains today meet a selling opportunity at 1301/03 with stops above 1305. A break higher targets 1308/90.Longs at important support at 1284/82 need stop below 1279. A break lower targets less important 500 days & 100-week moving average support at 1275/73. A break below 1270 is an important longer-term sell signal.

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