Gold on Resistance!
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XAUUSD on short sentiment. The price is on resistance 1323.50, with a high tense of selling pressure on 4-hour candle. Support is around $1301-1311. Nearest resistance is around $1330 (cut loss point).
Things to pay attention tonight is the Dow Jones price formation, whether it is stabilize above 23500 level and rebound (pressing down the gold price) or keep moving lower, which will support the gold price. Besides Dow Jones Index, which drive the market sentiment, pay attention on this week data, which are U.S CPI, retail sales, & ADP Employment data.
Things to pay attention tonight is the Dow Jones price formation, whether it is stabilize above 23500 level and rebound (pressing down the gold price) or keep moving lower, which will support the gold price. Besides Dow Jones Index, which drive the market sentiment, pay attention on this week data, which are U.S CPI, retail sales, & ADP Employment data.
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