Bulls’ power decreased according to ADX reading without affirming the bearish trend, while ADX shows downside signal, but trades above 50.00 levels.

Hence, gold didn’t affirm the end of the bullish wave although it becomes weaker due to trading below 1119.00.

We will be neutral until gold takes 119.00 to be bullish, as moving averages are good support.

Stability above 1100.00 is a positive signal, but without clearing 1119.00, we will stand aside.

Support: : 1114.00 – 1110.00 – 1101.00

Resistance: 1125.00 – 1130.00 – 1136.00

Direction: Sideways, but bullish above 1119.00.

• Gold Pressured By Bearish Outside Markets   (2016-11-01 03:50:56)
• Trend Down Under at 1360.00 and 1347.00 1332.00 targets 1370.00 as long as they do not violate   (2016-07-12 17:27:51)
• Direction: neutral   (2016-07-01 16:54:07)
• Direction: neutral   (2016-06-30 15:17:32)
• Direction: Bullish above 1303.00, targeting 1365.00 and 1400.00 as long as the price trading above 1290.00   (2016-06-30 05:32:18)
• Direction: Bullish above 1317.00, targeting 1365.00 and 1400.00 as long as the price trading above 1290.00   (2016-06-28 05:40:46)
• Direction: Bullish above 1303.00, targeting 1365.00 and 1400.00 as long as the price trading above 1280.00   (2016-06-24 20:25:31)
• Direction: Bearish below 1263.00, targeting 1250.00 and 1239.00 as long as the price trading below 1282.00   (2016-06-23 19:20:37)
• Direction: Bearish below 1262.00, targeting 1252.00 and 1240.00 as long as the price trading below 1280.00   (2016-06-22 14:56:10)
• Direction: neutral   (2016-06-20 20:28:46)