Gold extended the bullish move towards the main resistance level at 1345.00 area, and the broken ascending trend line shown on image, this might be a retest of the broken trend line, before heading lower again. Accordingly, we prefer to move to the sidelines awaiting confirmation. On the other hand, a break above 1345.00 may negate this scenario and confirm another leg higher.
Support: 1333.00, 1322.00, 1316.00, 1305.00, 1298.00
Resistance: 1340.00, 1346.00, 1365.00, 1375.00, 1390.00
Recommendation: Neutral