XAUUSD: Breaking the trend line

XAUUSD, H1

On the H1, XAUUSD broke the uptrend line, falling to a crucial support area. The price tests DEMA and TEMA, while the long-term sentiment remains bullish. The %R is showing oversold.

• A break of the 2880 support will drop the Gold to 2860;

• A rebound from support will take XAUUSD back to 2893 and further to 2906;