1300 resistance level might be a long lasting support for gold

The psychological resistance level of 1300 is under test recently. Either we will continue to name it as the "popular resistance of 2017" or it will serve as a support level maybe for months or even years. If we are to talk about the 1300 resistance again, price shall fall well below 1300 level next week at the latest. Otherwise it might be too late. The price may retrace later and meet 1300 level as a "tough support level" next time. Also, any rise above 1330 will make us forget about the ~1200 support.