Gold has been trading sideways at the price of $1.454. Anyway, I see for further downside due to short-term downward trend. Watch for selling opportunities.
Ichimoku analysis:
15M time-frame
The price just crossed below the Ichimoku cloud on the 15M time-frame that sellers took control from buyers. Intraday support levels are set at $1.453 and $1.452.
H4 time-frame
Based on the 4H time-frame, the price is trading below the Ichimoku cloud and bleow the Kijun and Tenkan sen lines, which is clear indication of the short-term downward trend. Main downward target is set at the price of $1.445.
