Gold prices rose in the intraday levels, as they get buoyed by exiting a positive technical pattern that formed previously in the short term, the Falling Wedge pattern as shown in the attached chart, while trespassing the SMA50 with this latest rise, getting rid of its negative pressure, as prices bounce off lower in today's morning trading on profit-taking and to try to garner positive momentum to help it rise again.  

Therefore we expect more gains to come for the precious metal, targeting the first resistance at 1,099.00.

Trend Bullish