Gold spot Intraday: bullish bias above 1409.50.

Pivot: 1409.50

Our preference: long positions above 1409.50 with targets at 1425.00 & 1433.00 in extension.

Alternative scenario: below 1409.50 look for further downside with 1398.50 & 1390.00 as targets.

Comment: the RSI is bullish and calls for further upside.

Chart Caption
    Green Lines Represent Resistances
    Red Lines Represent Support Levels
    Light Blue is a Pivot Point
    Black represents the price when the report was produced