Gold price remains sideways, but if the resistance at 1314.08 breaks then gold may move up to 1322.25. On the other hand, hourly stochastic and CCI are overbought so beware of correction back to the support at 1304.95.

Gold price remains sideways, but if the resistance at 1314.08 breaks then gold may move up to 1322.25. On the other hand, hourly stochastic and CCI are overbought so beware of correction back to the support at 1304.95. If bullish signals appear from hourly stochastic and CCI before the support breaks, the gold price may rebound aiming 1314.08-1322.25.

But, be careful if the support at 1304.95 breaks because it will turn the intraday bias to bearish and possibly will push gold price lower to 1300.87-1295.82.

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