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Extended advance eyes psychological $1500 barrier

Spot gold advances for the second day, driven by pre-holiday safe-haven demand and also boosted by optimism on US/China trade deal and low interest rates.
Monday’s close above strong $1480 resistance zone, which kept the price action limited for three weeks, was initial bullish signal, with today’s break above $1489/90 pivots (Fibo 61.8% of $1515/$1445 / daily cloud top) and probe through 100DMA ($1492) adding to positive outlook.
Bullish daily techs also support the advance for final push towards psychological $1500 barrier.
Today’s close above $1489/90 would reinforce bullish stance.
Initial support lays at $1489, while former strong barrier at $1480 now marks key support.

Res: 1492; 1494; 1500; 1509
Sup: 1489; 1486; 1480; 1478