Gold has been trading downside after the NFP news today. In my opinion, it confirmed another down cycle and eventual test of $1.452 and $1.446. My advice is to watch for selling opportunities on the rallies on lower frames (5-15 time-frames).
MACD oscillator is showing increase on the downside momentum, which is good sign that sellers are in control and that selling on the rallies is preferable strategy for today.
Resistance levels are seen at $1.471 and $1.480.
Support levels are set at $1.452 and $1.446
