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Gold prices were able to successfully retest the pivotal support at 1765, to resume the bullish rebound, attempting to retest 1784 resistance.
On the technical side, today, we find the RSI stable above the middle line, enhancing the chances of a bullish move, and we find the price stable above 1771.
Thus, a bullish bias is likely today, provided that the 1784 breach is confirmed and stabilized above it, targeting 1788, and then 1795 initial targets that may extend later to visit 1800.
From the bottom, trading again below 1771 delays the bullish changes, and we may witness a bearish bias that targets 1765 a 50.0% correction. It should be carefully noted that any trading below the aforementioned level increases the negativity, opening the way towards 1756.
| S1: 1765.00 | R1: 1788.00 |
| S2: 1756.00 | R2: 1795.00 |
| S3: 1748.00 | R3: 1808.00 |
