Gold stabilized above 1181.80 yesterday and stabilized above the psychological barrier 1200.00. Trading above 1181.80 at 23.6% correction favors extending the upside move towards 38.2% correction, and in this case, reaching 1213.05.
MACD, Linear Regression Indicator 34 and 55 are positive. RSI is moving positively also supporting the bullish extension. Breaking 1176.75 fails positivity, but we prefer to keep trading intraday above 1181.80 to keep the upside move valid intraday.