Recently, the Gold has been trading upwards. As I expected, the price tested the level of $1,305.07. According to the H1 time frame, I found broken bullish flag in the background, which is a sign that buyers are in control. My advice is to watch for potential buying opportunities on the pullback. The upward targets are set at the price of $1,313.80 and at the price of $1,325.00.
Resistance levels:
R1: $1,306.65
R2: $1,310.15
R3: $1,315.90
Support levels:
S1: $1,297.45
S2: $1,291.95
S3: $1,288.75
Trading recommendations for today: watch for potential buying opportunities.
