The price of gold fell after touching the levels close to the resistance that starts from the price of 1230.00, without touching the most important resistance at the price of $1238.00. However, trading remains stable above 1208.00 support, and trading above this level may cause further attempts to rise.
However, it should be noted that today's trading will be based on 1214.00, and stability above this level is necessary to keep the upside move well.
From here, we think it might be good to buy gold around 1217.00 with the expected profit taking in two stages at 1230.00 and 1235.00 and stop loss below 1208.00.
