Recently, Gold has been trading downwards. The price tested the level of $1,220.00. Anyway, according to the M30 time – frame, I found a breakout of well-defined bullish flag, which is a sign that buyers are in control. My advice is to watch for potential buying opportunities. The upward target is set at the price of $1,234.75.
Resistance levels:
R1: $1.232.40
R2: $1.240.45
R3: $1,245.20
Support levels:
S1: $1,219.45
S2: $1,214.30
S3: $1,20665
Trading recommendations for today: watch for potential buying opportunities.