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Direction: Bullish with confirmation above 1220.00.
2016-02-23 16:00:04

The bullishness may come back despite the weakness on RSI and ADX due to stability above the psychological level of 1200.00.

GOLD@Daily-34 (1)

To prove the bullish tendency, we need a stable move above 1220.00, as stability above this level will negate the bearish structure.

The breakout above the resistance at 1193.00 is the main reason behind the bullish prospects.

Support: 1210.00 – 1200.00 – 1195.00

Resistance: 1120.00 – 1230.00 – 1236.00

Direction: Bullish with confirmation above 1220.00.





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