GOLD (Spot) intraday: further advance.
Pivot: 1576.00
Our preference: LONG positions above 1576 with targets @ 1591 & 1603.
Alternative scenario: The downside penetration of 1576 will call for a slide towards 1567 & 1560.
Comment: gold prices are supported by a rising trend line. In addition, the 50 moving average is heading up. Hence, the upside prevails as long as 1576 is support.