Gold spot Intraday: bullish bias above 1284.
Pivot: 1284
Our preference: Long positions above 1284 with targets @ 1296 & 1302 in extension.
Alternative scenario: Below 1284 look for further downside with 1280 & 1274 as targets.
Comment: Technically the RSI is above its neutrality area at 50.
Supports and resistances:
1306
1302
1296
1289.7 Last
1284
1280
1274
Pivot: 1284
Our preference: Long positions above 1284 with targets @ 1296 & 1302 in extension.
Alternative scenario: Below 1284 look for further downside with 1280 & 1274 as targets.
Comment: Technically the RSI is above its neutrality area at 50.
Supports and resistances:
1306
1302
1296
1289.7 Last
1284
1280
1274
Attached Image