My last analysis of gold is trading sideways over the price of 1,195.00. I'm waiting for a larger program on the market and stronger stock prices. I put the Fibonacci levels to find potential levels of support and received 61.8% Fibonacci Retracement at a price of 1.195.00 (currently in testing). According to the 1H period, we observed a low supply in the market, which is a sign to sell gold at this stage seems risky. My advice is to look for potential buying opportunities near the lows. Any higher demand in volume may confirm further bullish phase.
