Resistance: 1371.41 strong / 1381.82 moderate / 1396.37 minor Support: 1356.86 moderate / 1346.45 minor / 1331.90 minor
XAUUSD has a bearish bias though Hourly charts has formed a bullish reversal pattern Three Inside Up. With a strong resistance at 1371.41, the Pivot Point, just ahead of the pattern the preferred course of action is to wait for a push past 1371.41 before buying. Immediate target is 1381.82 then on to 1396.37. Stops should be placed below the patterns low.
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