Since my last analysis, gold is trading down Tested and dismissed from the level of 1,190.49 price. This is a corrective Fibonacci extension of 161.8% at the price of 1.195.00 was successfully held, which caused the price to start aupvard movement. I put the Fibonacci levels to find potential levels of support and received 61.8% Fibonacci Retracement at a price of 1,179.00. My advice is to look for buying opportunities near the lows (after the retracement). According to the 1H period, we observed no sales pressure levels around 1,190.00 and a strong reaction from customers in high volumes.
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