The 14-day Relative Strength Index (RSI) indicator, a technical indicator on the daily chart, rose to around 58 after last week's rebound, suggesting gold has more room to rise before it becomes technically overbought. Ahead of $2,500 (psychological level), $2,483.70 (last all-time high) is immediate resistance. If gold stabilizes above $2,500 and confirms this level as support, a breakout would look towards the $2,533.60 {138.2% Fibonacci bounce} level. Then the upper limit of the ascending regression channel from mid-February would be considered the next bullish target, at $2,600. On the downside, support areas appear to have formed between $2,414 and $2,400 (20-day simple moving average, and psychological levels, respectively) ahead of $2,367 (50-day EMA) and $2,353 (July 25 low). **Today you can consider going long gold before 2,405.00, stop loss: 2,402.00; target: 2,425.00; 2,430.00**