FX & CFD trading involves significant risk
Gold holds below the 5-DMA and Jan 3 resistance line, initial resistance at $1337.3/1337.9 respectively. Spot also holds above the 38.2% Fibonacci, initial support at $1326.40. Daily studies show bull divergence. Further resistance seen from the 21-DMA at $1353.90, 100-DMA at $1360.20 and former 23.6% Fibonacci at $1366.30. Long-term support line at $1298.70.
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