Gold inclines gradually, approaching the suggested target of 1136.00, while ADX is positive.

RSI14 is also moving above the value of 50.00, but we can’t suggest a position, as risk versus reward ratio is inappropriate.

We may witness a bullish move today as far as gold stabilizes above 1113.00.

Support: 1120.00 – 1113.00 – 1097.00

Resistance: 1130.00 – 1136.00 – 1154.00

Direction: Bullish, buy risk versus reward ratio is inappropriate.

Posted By: ICN.COMon: August 13, 2015In: Technical Analysis

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