The price of gold continued falling on Tuesday, and the move was fairly certain. Nevertheless, the fall of the price was stopped by large volume, after which a new volume level of 1283.70 - 1286.30 was formed. Now the price is testing this level.Given that the price did not show any sharp reaction to this level and is trading inside it at the moment, we should consider the scenario of its breakdown. It will be an excellent signal for sales. A stop loss should be placed just above the breakdown volume bar. The potential of the deal is 200 points.
The bottom line: short positions are in priority.