Gold rebound of weekly S1 Support (1313) & makes bullish Englufine candle for the day.
We are looking for swing Long Position near 1320-24 by placing stop below yesterday’s Low (1310). Weekly opening range high 1335 would be first target.
Daily Close > 1335 shift focus on 1345 (weekly pivot) & 1358 (Brexit high).
Ultimate target would be 1380 (38.2 % Retrenchment from 2011 High ) & 1400 Psychological Round Number.
On the flip side break lower shift focus on 1303 (Weekly 200sma) & 1295 (Monthly Pivot) for Support.
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