Recently, Gold has been trading downwards. As I expected, the price tested the level of $1,253.00. According to the H1 time - frame, I found that sellers are in control and that there is a broken intraday bearish flag. My advice is to watch for potential selling opportunities. The downward targets are set at the price of $1,249.50, $1,235.85 and at the price of $1,228.75.
Resistance levels: R1: $1,267.35R2: $1,274.85R3: $1,280.35
Support levels: S1: $1,254.35S2: $1,248.87S3: $1,241.35
Trading recommendations for today: watch for potential selling selling opportunities.
