LeoPrime Daily Market Analysis

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XAUUSD : Currently stalling at the neckline and if it breaks head back to 1281/80

XAUUSD held support at 1291/90 but below here targets 1286/85, perhaps as far as important head & shoulders neckline support at 1281/80. Sell a little if it looks like we will see a weekly close below here & add to shorts on a break below 1271. Minor resistance at 1300/02 but above 1304 allows recovery to 1305 & 1308 before another selling opportunity at 1310/11 with stops above 1314.

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