Pivot: 1300
Our preference: Long positions above 1300 with targets @ 1332 1350 in extension.
Alternative scenario: Below 1300 look for further downside with 1285 1271 as targets.
Comment: The RSI is bullish and calls for further advance. Gold has validated a bullish flag pattern calling for a new up leg.
Supports and resistances:
1365
1350
1332
1318 Last
1300
1285
1271
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