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- GOLD is in consolidation mode below a key Gann confluence in the 1315/21 area
- Our near-term trend bias is higher in the metal while over 1280
- A move through 1321 is needed to re-instill upside momentum in Gold
- A very minor turn window is seen today
- A move under 1280 would turn us negative on the metal
XAU/USD Strategy: Like the long side while over 1280
| Instrument | Support 2 | Support 1 | Spot | Resistance 1 | Resistance 2 |
|---|---|---|---|---|---|
| XAU/USD | 1280 | 1300 | 1308 | 1321 | 1337 |
