XAU/USD: Gold is showing some bullish signs to start the week. Some resistance factors were broken: 1) 1300 psychological level. 2) support/resistance pivot around 1305. 3) A falling trendline 1392 and 1331. Bullish outlook: Clearing these resistance factors, traders will have the 1330 level in sight for this week. As price action starts to show a base in the 1268-1276 area and trade north of these resistance factors, gold is shifting from bearish to neutral. In the near-term, during the 5/5 US session, we might get a bearish attempt or some consolidation because the 4H stochastic shows overbought condition in the ... (full story)