Gold has been trading sideways at the price of $1.487 in the past 24 hours and the price did test our main multi pivot level $1.481. This level is go-no go level and you should watch careful the price action around it.
Breakout of the support will lead us for potential test of $1.460 and selling opportunities would be preferable on the rallies.
Gold is currently in the rejection mode and there is potential for test of $1.500. Any good bottoming formation may confirm successful rejection
MACD is showing increased momentum on the downside and that sellers are in control.
