H1 Chart
R3 1550.97
R2 1543.44
R1 1538.79
Pivot 1531.27
S1 1523.74
S2 1519.09
S3 1511.57
Since gold price broke the previous flag at the support line and and undergoing a small downtrend. Let's draw another flag (blue lines) on current gold movement. As what we seen, R1 level is very strong that stop gold from moving upward. We do not know yet either gold price will again break the support line of the flag, however, there are two options now, first is gold price break flag's support line again and going to another small downtrend; or gold price rebound at the bottom of flag and ready to break R1 and R2 level.
Gold price is getting closer to the support line now and we should can see the trend very soon.
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