Gold continues to fluctuate below the 1478.00-1480.00 resistance level. The price has formed a series of bearish candlesticks at this level, hinting it could be the ceiling for the current rally while RSI remains below 50. We have a bearish bias today, as long as 1480.00 is intact.

Support: 1459.00, 1448.00, 1439.00, 1425.00, 1418.00
Resistance: 1478.00, 1485.00, 1495.00, 1520.00, 1530.00
Based on the charts and explanations above, we prefer to short gold below 1472.00, targeting 1456.00, 1448.00, and 1438.00. Stop loss above 1485.00

Support: 1459.00, 1448.00, 1439.00, 1425.00, 1418.00
Resistance: 1478.00, 1485.00, 1495.00, 1520.00, 1530.00
Based on the charts and explanations above, we prefer to short gold below 1472.00, targeting 1456.00, 1448.00, and 1438.00. Stop loss above 1485.00