Gold has been trading downwards as we expected. The price reached our first target from yesterday at the price of 1.0992. The selling pressure is still active and there is chance for the further downside in case of the down break of 1.0988. Second target is set at 1.0946.
MACD oscillator is showing negative reading below the zero and increased momentum.
Support levels are seen at the price of 1.0990 and 1.0946. Resistance level is set at 1.1025.
