Pivot: 1130
Our preference: Long positions above 1130 with targets @ 1224 1255 in extension.
Alternative scenario: Below 1130 look for further downside with 1085 1050 as targets.
Comment: The RSI broke above a declining trend line. Gold is challenging its nearest resistance at 1224, if break out, look for further upside to 1255.
Supports and resistances:
1309 **
1255 *
1224 *
1219.62 Last
1130 ***
1085 *
1050 *
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