Gold has declined during Asian session, but traded around SMA20 at 1232.00, while ADX shows weakness and RSI is nearing 50.00 levels.
The aforesaid factors weakens the bullishness that appears with stability above 1227.00.
Hence, we will be neutral to see whether SMA20 will hold or not.
Support: 1227.00 – 1219.00 – 1207.00
Resistance: 1242.00 – 1252.00 – 1260.00
Direction: Neutral
