Technical indicators on the daily chart, the 14-day Relative Strength Index (RSI), remain above 65, indicating that the bullish bias remains intact. On the upside, $2,514.50 (123.6% Fibonacci rebound from 2483.70 to 2353.20) could become the next level of resistance. If gold manages to convert this level into support, $2,548.90 (150.0% Fibonacci bounce level) will be the next bullish target. The breakout points to the $2,600.00 level {the upper track of the ascending channel}. If gold makes a technical retracement first, with the first target below $2,489.00 (the upper line of the daily horizontal channel) as resistance, technical sellers will show interest. In this case, $2,450.80 (last Friday’s low), and 2,442.30 (9-day EMA) can be seen as the next support levels, followed by $2,400 (psychological level). Today you can consider going long gold before 2,505.00, stop loss: 2,500.00; target: 2,530.00; 2,535.00