The price inched higher with a daily closing above 1314.00 represented in 50% correction showing on graph. Stability above the referred to level favors bullish attempts towards 61.8% correction at 1331.45 and breaching it could trigger another bullish wave.

AROON Indicator is showing the strength of the upside move and MACD is showing the ongoing positivity. Linear Regression Indicators are also positive supporting the possibility of extending bullishness as long as the metal is stable above the psychological barrier 1300.00.

 

Based on the above, buy gold above 1314.00 targeting 1330.00, 1338.00, then 1347.00 and stop-loss below 1300.00.