Since our previous analysis, gold has been moving upwards. The price tested the level of $1,252.30 in a high volume. I found a broken downward channel according to the H4 time frame, which is a sign that selling gold at this stage looks risky. Watch for potential buying opportunities on dips. The take profit level is set at the price of $1,278.00.
Daily Fibonacci pivot points:
Trading recommendations for today: Watch for potential buying opportunities on dips.
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