Recently, Gold has been trading sideways at the price of $1,221.60. Anyway, according to the H1 time – frame, I have found a confirmed intraday head and shoulders pattern (bearish), which is a sign that sellers are in control. I also found rejection from strong supply cluster in the background at the price of $1,228.00, which is another sign of weakness. Watch for selling opportunities. The downward targets are set at the price of $1,215.00 and at the price of $1,211.25.
