Recently, Gold has been trading upwards. The price tested the level of $1,346.97. According to the 30M time – frame, I found a breakout of yesterday's high in the background, which is a sign that buyers are in control. I also found a successful rejection of the upward trendline, which is another sign of strength. My advice is to watch for potential selling opportunities. The upward targets are set at the price of $1,350.45 and at the price of $1,360.60.
Resistance levels:
R1: $1,334.27
R2: $1,339.62
R3: $1,344.35
Support levels:
S1: $1,324.20
S2: $1,319.46
S3: $1,314.10
Trading recommendations for today: watch for potential buying opportunities.
