Gold did reach main multi pivot resistance (swin
g lows became resistance) at the price of $1.478 and got solid rejection of it. There is the chance for the further downside movement and potential test of $1.457.
There resistance cluster (blue rectangle) at the price of $1.478 held successful and my advice is to watch for selling opportunities with the downward targets at $1.457 and $1.446.
According to the Daily time-frame, there is potential for bear flag and further downside continuation. Only in case of the upside breakout of resistance at $1.480, I would watch for buying opportunities with the target at $1.493.
