Gold fluctuates since ADX is unclear, while RSI is close to 50.00 and prices are hovering around 23.6% Fibonacci.
Risk versus reward ratio is inappropriate, while yesterday’s candle and failure to hit SMA20 at 1232.00 force us to be neutral.
A break above 1232.00 is positive and 1219.00 is protect buyers.
Support: 1219.00 – 1207.00 – 1200.00
Resistance:1227.00 – 1232.00 – 1242.00
Direction: Neutral
