GOLD: Incomplete correction
The pair did not go higher than 7/8 (1296.88) and bounced down from it. The disruption STH4 and 6/8 (1281.25) level has not led to a logical fall to the area of the merge between STD1 and 5/8 (1265.63) level. Moreover, the price is trying to settle above 6/8, which calls in question the plans of the bears. The situation with further prediction is quite ambiguous. However, a possible falling to STD1 should be considered as a buying opportunity with short-term goals.
Buy – 1265.60; sl – 1256.00; tp – 1281.00.