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Direction: Bullish attempt
2016-05-17 18:22:51

Gold, May 17

on: In: Technical Analysis
 Print
Gold showed volatility between main support line and above moving averages below 1281.00.

GOLD@Daily-22

RSI is neutral above 50.00 although ADX shows bullishness ahead of 1281.00; so that, we will be neutral today, but a break below 1259.00 is negative.

Support: 1265.00 – 1259.00 – 1250.00

Resistance: 1281.00 – 1295.00 – 1300.00

Direction: Bullish attempt

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