Gold may rise to 2625.00 - 2800.00

Pivot

2150.00

Our preference

Long positions above 2150.00 with targets at 2625.00 & 2800.00 in extension.

Alternative scenario

Below 2150.00 look for further downside with 2000.00 & 1880.00 as targets.

Comment

The RSI is bullish and calls for further advance.

Supports and resistances

2950.00 **

2800.00 ***

2625.00 ***

2503.81 Last

2150.00 ***

2000.00 ***

1880.00 **

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