Technical analysis:
Gold tried once more to break important pivot resistance at $1.562 but with no success, which is sign that sellers are in control. Watch for selling opportunities on the rallies using the lower frames with main target at $1.536.
Putting the second test and reject of $1.562 is the early trigger for the downside. My advice is to watch for selling opportunities on the rallies using intraday-frames 5/15 minutes.
MACD oscillator is showing decrease on the upside momentum and slow line turned bearish.
Resistance levels are set at the price of $1.562 and $1.568
Support levels and downward targets are set at the price of $1.550 and $1.536.
