Recently, the Gold has been trading downwards. The price tested the level of $1,291.67. Anyway, according to the H1 time frame, I found a potential end of downward correction, which is a sign that selling at this stage looks risky. My advice is to watch for potential breakout of intraday supply trendline to confirm upward movement. If you see a valid breakout of supply trendline watch for buying opportunities. The upward target is set at the price of $1,300.00.
Trading recommendations for today: watch for potential buying opportunities if you see a valid breakout of supply trendline.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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