Gold: Buy Opportunities in The Bullish Market

The daily timeframe provides bullish signals, and they can be used for buying.

The price reached a support zone formed by the uptrend line, SMA50, and 1500.00 support level. If the close price is above 1500.00 and we have the bullish candle, it will be a reversal signal.
RSI confirms a possible reversal.
MACD histogram supports the upward movement.
MACD lines still support the downward movement.
DMI is bullish and confirms trend market conditions. ADX line falls, and it confirms the correction period.

We have to wait for the reversal signal, and after that, we will search for possible buy opportunities based on the daily and lower timeframes. Stop orders must be placed below the support zone.
The main profit target should be at the previous market high - it is 1560.00 resistance level.

If the price breaks the support zone and drops below SMA50, the market will be able to reach the nearest support at 1450.00 level. The market will have an opportunity to move sideways or start a new upward movement. But the breakout below 1450.00 will support the strength of sellers. It will be the signal to think about new market conditions for the Gold market in the medium and long term run.