Gold may rise to 2250.00 - 2300.00

ST: the upside prevails.

Pivot

2085.00

Our preference

Long positions above 2085.00 with targets at 2250.00 & 2300.00 in extension.

Alternative scenario

Below 2085.00 look for further downside with 2040.00 & 1990.00 as targets.

Comment

The RSI shows upside momentum.

Supports and resistances

2380.00 **

2300.00 ***

2250.00 ***

2183.00 Last

2085.00 ***

2040.00 ***

1990.00 ***

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

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