Technical analysis from GOLDTREND.NET
Gold has bounced back from support at 1281. A cup & handle reversal pattern is spotted on the 4 hour-chart.
Resistance at 1303-1305 has been broken, which now becomes minor support.
Main support at 1298-1300.
Next target at 1315-1320.
Trade Recommendation:
Buy limit @ 1303
Stop loss @ 1298
Take profit @ 1318
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