Gold has been trading sideways at the price of $1.582. The price is near the critical decision level at $1.588 and you should watch carefully the price action around it.
The breakout of the $1.588 to the upside will confirm test of 1$1.611 and in that case you should watch on buying opportunities on the dips.
The rejection of the critical pivot resistance at $1.588 would confirm rotation back towards the level of $1.570, $1.564 and $1.545.
MACD oscillator is showing neutral stance
Major resistance is set at the price of $1.588
Support levels are seen at the price of $1.570, $1.64 and $1.545.
