Pivot: 1359.00
Our preference: LONG positions above 1359 with 1401 1419 as next targets.
Alternative scenario: The downside penetration of 1359 will call for a slide towards 1336 1322.
Comment: gold prices are supported by a rising trend line. The RSI is above its neutrality area at 50%. A new test of 1401 seems likely.
Trend: ST Bearish; MT Bearish
Key levels Comment
1442** Intraday resistance
1419** Intraday resistance
1401** Previous high
1378 Last
1359** Intraday pivot point
1336** Intraday support
1322*** Horizontal support
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