Recently, gold has been trading sideways at the price of $1,314.00. According to the 30M time frame, I found a strong bullish pin bar and a bullish breakout of the pivot level at the price $1,314.00, which is a sign that buyers are in control today. I also found a rising MACD oscillator, which is another sign of strength. My advice is to watch for potential buying opportunities. The upward targets are set at the prices of $1,320.00 and 1.327.90.
Resistance levels:
R1: $1,320.58
R2: $1,328.00
R3: $1,334.55
Support levels:
S1: $1,306.00
S2: $1,300.00
S3: $1.292.55
Trading recommendations for today: watch for potential buying opportunities.
