Recently, Gold has been downwards. The price tested the level of $1,319.50. According to the 15M time – frame, I found that sellers are in control and that buying looks risky. I also found a potential third wave is building and my advice is to watch for potential selling opportunities. The downward targets are set at the price of $1,308.60 and at the price of $1,293.85.
Resistance levels:
R1: $1,333.38
R2: $1,340.21
R3: $1,345.52
Support levels:
S1: $1,321.25
S2: $1,315.93
S3: $1,309.10
Trading recommendations for today: watch for potential selling opportunities.
