Recently, Gold has been trading sideways at the price of $1,312.00. According to the 30M time – frame, I found a successful rejection of the pivot level ($1,321.00), which is a sign that selling looks risky. I also found bullish breakout of 2-hour balance, whch is another sign that buyers are in control. My advice is to watch for potential buying opportunities. The upward targets are set at the price of $1,326.18 and at the price of $1,331.95.
Resistance levels:
R1: $1,326.18
R2: $1.331.95
R3: $1.336.40
Support levels:
S1: $1,315.97
S2: $1,311.65
S3: $1,305.75
Trading recommendations for today: watch for potential buying opportunities.
