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   “¢   After an Asian session dip to $1298, the precious metal regained positive traction and was seen building on Friday’s goodish bounce from 200-hour SMA.  

   “¢   Currently hovering around 23.6% Fibo. level of the $1280-$1313 recent up-move, bullish oscillators on the 1-hourly chart support prospects for further gains.

   “¢   Meanwhile, technical indicators on 4-hourly/daily charts are also catching up with the positive momentum and add credence to the constructive set-up.

   “¢   Hence, any dips to the $1300 psychological mark might be seen as a buying opportunity for a move back towards the recent swing highs, around the $1313 region.

Gold 1-hourly chart


       Today Last Price:  1305.23
       Today Daily change %:  0.24%
       Today Daily Open:  1302.16
       Daily SMA20:  1310
       Daily SMA50:  1304.05
       Daily SMA100:  1271.46
       Daily SMA200:  1239.2
       Previous Daily High:  1306.45
       Previous Daily Low:  1294.1
       Previous Weekly High:  1313.3
       Previous Weekly Low:  1290.6
       Previous Monthly High:  1346.85
       Previous Monthly Low:  1300.1
       Daily Fibonacci 38.2%:  1301.73
       Daily Fibonacci 61.8%:  1298.82
       Daily Pivot Point S1:  1295.35
       Daily Pivot Point S2:  1288.55
       Daily Pivot Point S3:  1283
       Daily Pivot Point R1:  1307.7
       Daily Pivot Point R2:  1313.25
       Daily Pivot Point R3:  1320.05