Gold inclined above 1235.00-1236.00 regions where SMA20 exists and that is positive. We may witness a re-test of 1250.00 psychological and 1252.00 regions as well. A break above 1252.00 is required and we will use fewer quantities to enter the market.

 

Gold hover around SMA20 at 1235.00-1236.00 along with weakness on ADX and RSI trading near 50.00 levels.

In fact, we can’t suggest specific direction due to trading between moving averages and thus, we will be waiting for a new signal to follow through.

Support: 1227.00 – 1219.00 – 1205.00

Resistance: 1237.00 – 1242.00 – 1252.00

Direction: Neutral

• 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)