Gold has been trading upwards in the recent few days. I found that that Gold is at the main multi-pivot resistance at the price of $1.515 and that you should watch for the reaction around this main resistance.
In case of the further upside breakout, the next upward target would be at $1.534.
In case of the stronger rejection of the main resistance at $1.515, downside target might be set at $1.495.
MACD oscillator is showing decreasing on the last upside movement and potential for the downside correction.
Yellow rectangle – Multi pivot resistance
Resistance level is seen at the price of $1.515
Support levels are set at the price of $1.508 and at the price of $1.495
