Spot gold traded positive and rallied above 1375 levels, but failed to breach 1386 levels. Break above 1390 levels may witness rally towards 1400 levels. Bullish waves are still intact with gold. RSI is well above 50 levels indicates the bullish run in near term.
Support for the commodity is seen at 1370, 1359 levels and resistance is at 138, 1400 levels. Traders are advised to go long for gold. Slight pressure is expected around 1380 levels.