Since our last analysis, gold has been trading downwards.As we expected, the price tested the level of $1,101.12. According to the daily time frame, we can observe a supply in an average volume . The price found support at the level of $1,101.00. Selling gold looks exhausted and I am currently neutral.
Daily Fibonacci pivot points :
Trading recommendations: We can see signs of the strength on the chart. The trend is neutral. Wait for clear trend to confirm further direction.
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