Recently, Gold has been trading upwards. As I expected, the price tested the level of $1,263.75. Anyway, according to the 30M time frame, I found a fake breakout of yesterday's high at the price of $1,262.60, which is a sign that buying today seems risky. There is also a hidden bearish divergence on the moving average oscillator, which is another sign of weakness. My advice is to watch for potential selling opportunities today. The downward target is set at the price of $1,245.00.
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