Recently, gold has been trading sideways at the price of $1,273.50. According to the 15M timeframe, I found a broken support cluster and the pivot level lies at the price of $1,274.70, which is a sign that sellers are in control today. I also found a broken upward trendline in the background, which is another sign of weakness. My advice is to watch for potetnial selling opportunities. The downward targets are set at $1,270.60 (pivot support 1) and $1,265.00 (pivot support 2).
Trading recommendations for today: watch for potential selling opportunities.