Gold Technical Analysis: $1328 questions 2019 high, $1322 offers immediate support

• Gold trades around $1326.20 at the start of Asian trading on Tuesday.
• The yellow metal surged to the fresh yearly high, also the highest level since April 2018, of $1327.60 on Monday.
• At the start, the bullion seems finding it hard to extend recent upside and hence need to assure buyers with a break of $1328 in order to extend latest increase towards mid-April 2018 lows near $1334.
• Given the quote manage to stretch its rise beyond $1334 on a daily closing basis, $1341, $1349 and $1356 may act as intermediate halts during its rally to 2018 high around $1366.
• Meanwhile, a downside break of resistance-turned-support connecting highs marked since 2018, at $1322, can offer immediate rest.
• If prices dip under $1322, recent upside signal past breakout can be negated with brighter chances of $1316 comeback.
• In case sellers refrain to stop under $1316, $1302 and a horizontal-line joining early January highs, at $1296, become crucial to watch.

Gold daily chart