Currently Gold in sideways condition, even when viewed from the stochastic oscillator and CCI provides the opportunity for gold to go down.

Currently Gold in sideways condition, even when viewed from the stochastic oscillator and CCI provides the opportunity for gold to go down. Therefore today's aim is to look for opportunities to SELL with at least with two scenarios to be considered

The first scenario is to wait till level of support at 1205.50 is successfully broken, because it has the potential to suppress gold lower with a target in the range 1195.30 - 1200.95.

As an alternative, watch the resistance at 1215.90, where Sell opportunities can be taken if gold pullback to that level and potentially rebound with  target in the 1204.50 - 1208.85 range.

But beware if the resistance at 1215.90 level is successfully broken, because it has the potential to lift gold further with target to test the resistance levels at 1222.95

Analisa