XAUUSD tested the 1310.200 region yesterday and bounced back aggressively before couple of hours breaking the psychological region at 1300.000. XAUUSD is been trending perfectly for the past few days giving a clear-cut view for the traders to jump into the market. Sellers have perfect opportunity at the third trendline touch at 1310.00. This could lead to a test of the short-term Fibonacci level at $1296.30, followed by $1294.90.

If $1294.90 fails as support then look for the selling to extend into the next level at $1289.90. This is the last potential support before the major 50% level at $1285.50 and the main bottom at $1284.90.

XAUUSD TODAY:
Daily open: 1308.022
Daily Last high: 1309.240
Daily Last Low: 1294.834
Daily current growth: -0.72%