Since our previous analysis, gold has been moving upwards. The price tested the level of $1,313.29 in a high volume. The trend is bullish. According to the 30M time frame, I found a potential end of the bearish correction at the price of $1,301.90. Stochastic is at the oversold level (15) and there is a broken supply trend line. Watch for buying opportunities. I am expecting a re-testing of swing high at the price of $1,313.29.
Daily Fibonacci pivot points:
Trading recommendations for today: Be careful when selling and watch for buying opportunities.