Gold may rise to 2800.00 - 2870.00

Pivot

2600.00

Our preference

Long positions above 2600.00 with targets at 2800.00 & 2870.00 in extension.

Alternative scenario

Below 2600.00 look for further downside with 2525.00 & 2470.00 as targets.

Comment

The RSI is bullish and calls for further upside.

Supports and resistances

2940.00 **

2870.00 ***

2800.00 ***

2745.88 Last

2600.00 ***

2525.00 ***

2470.00 ***

Number of asterisks represents the strength of support and resistance levels.