Gold extended gains on Tuesday rising more than 6% since last week to the highest level in six years. Plunging dollar, rising tensions in the Mideast and dovish Fed supported bullion. Investors rushed in buying gold to seek protection. The precious metal could see further rally if Trump and Xi fail to make truce in the meeting in Osaka later in the week. The price will aim close to the 1500 level. RSI is running in the overbought area. In the long run, cooling tensions and trade wars could improve risk sentiment and ease gold to lower band. In short to medium run bullish sentiment in metal persists.