Gold has been trading downside and the price tested the level of $1.557. Anyway, I found potential end of the downward correction and resume of the upward trend. Upward targets are set at $1.587 and $1.600. I do expect Pitchfork upside cycle.
My advice is to watch for buying opportunities on the dips using intraday-frames 5/15 minutes.
MACD oscillator is showing positive reading and the slow line turned to the upside.
Resistance levels are seen at $1.587 and $1.600
Support level is set at the price of $1.555
