Gold has been trading downwards this morning but it seems that sellers might be in oversold condition near the level of $1.456. I would watch for potential buying opportunities if you see any bottoming pattern on lower frames 15/30 minutes time-frame.
MACD oscillator is showing 3-pushes down and bullish divergence, which is a sign that sellers might be in the trouble near the level of $1.455 and that buyers may step in with long orders.
My advice is to watch for buying opportunities with the targets at $1.462 and $1.468. Stop loss advice would be at the price of $1.453.50 (swing low).
