Recently, Gold has been trading sideways at the price of $1,337.00. According to the 30M time - frame, I found that price rejected of the pivot support at $1,332.00, which is a sign that selling looks risky. I also found positive readings on MACD oscillator, which is another sign of strength. Short-term trend is still bullish. My advice is to watch for potential buying opportunities. The upward targets are set at the price of $1,343.15 and at the price of $1,347.80.
Resistance levels:
R1: $1,343.17
R2: $1,347.80
R3: $1,353.58
Support levels:
S1: $1,332.75
S2: $1,327.13
S3: $1,322.35
Trading recommendations for today: watch for potential buying opportunities.
