Gold ST: supported by a rising trend line.

Pivot: 3160.00

Our preference: long positions above 3160.00 with targets at 3500.00 & 3600.00 in extension.

Alternative scenario: below 3160.00 look for further downside with 3050.00 & 2950.00 as targets.

Comment: the RSI has just landed on its neutrality area at 50% and is turning up.

Supports and resistances:

3750.00

3600.00

3500.00

3340.04 Last

3160.00

3050.00

2950.00