XAUUSD managed to break the 1300.00 mark last week but failed for a further bullish momentum and bounced back at January Last high at 1320.00. Starting with a new week, XAUUSD bulls finds new support at 1290.00 (March 1st week High). Today’s US economic docket, highlighting the release of monthly retail sales data and ISM manufacturing PMI, might influence the US Dollar price dynamics and produce some short-term trading opportunities during the early North-American session. In the weekly timeframe, XAUUSD is up for a third touch at 1320.00 region since February 25th and bears are expected to drop below 1280.00 targeting 1200.00. In 1Hr time frame, Bulls are trying to start off this week, forming a new support at 1290.00 region. Bullish momentum may continue to raise testing 1305.00 and a break above 1305.00 will lead its way further more above the last high.

XAUUSD TODAY:
Daily open: 1291.89
Daily Last high: 1297.11
Daily Last Low: 1288.30
Daily current growth: +0.35%