Recently, Gold has been trading upwards. The price tested the level of $1,330.00. Accorrding to the 15M time – frame, I found a successful rejection of the support at the price of $1,328.00, which is a sign that selling looks risky. I also found a higher highs and higher lows today, which is a sign of a healthy intraday bullish trend. My advice is to watch for potential buying opportunities. The upward targets are set at the price of $1,333.75 and at the price of $1,340.50.
Resistance levels:
R1: $1,328.15
R2: $1.333.80
R3: $1,340.80
Support levels:
S1: $1,315.50
S2: $1,308.55
S3: $1,302.90
Trading recommendations for today: watch for potential buying opportunities.
