Gold may rise to 2450.00 - 2510.00

ST: towards 2510.00.

Pivot

2340.00

Our preference

Long positions above 2340.00 with targets at 2450.00 & 2510.00 in extension.

Alternative scenario

Below 2340.00 look for further downside with 2280.00 & 2230.00 as targets.

Comment

The RSI is bullish and calls for further upside.

Supports and resistances

2570.00 **

2510.00 ***

2450.00 ***

2406.00 Last

2340.00 ***

2280.00 ***

2230.00 ***

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

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