Gold retreated strongly yesterday, to retest 1313.00 horizontal support and the ascending support for the latest bullish wave as shown on chart. However, the overall bullish bias is still favored, where only a break below 1300.00 would be concerning.
Support: 1313.00, 1300.00, 1294.00, 1285.00, 1277.00
Resistance: 1322.00, 1338.00, 1350.00, 1360.00, 1365.00
Recommendation Long gold above 1313.00 targets at 1338.00,1365.00, and 1390.00. Invalidation below 1300.00