Recently, the Gold has been trading sideways at the price of $1,274.00. According to the 15M time — frame, I found strong rejection from the upward trendline (re-test), which is sign that buying looks risky. The price also rejected near pivot resistance 2 at $1,282.00, which is another sign of weakness. My advice is to watch for potential selling opportunities. The downward targets are set at the price of $1,266.35 and at the price of $1,263.55.
Trading recommendations for today: watch for potential selling opportunities.