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Direction:Bearish
2016-05-26 16:29:58

Gold, May 26

on: In: Technical Analysis
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This report was updated for registered users on : 2016-05-26 07:47:43
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Gold inclined, touching the previously breached support at 1230.00 after finding support near 50% Fibonacci at 1219.00.

GOLD@Daily-36

The general bearishness persists due to trading below moving averages and ADX negativity.

We need a break below 1219.00 to confirm the bearishness; otherwise it is risk to take new positions.

Support: : 1219.00 – 1210.00 – 1200.00

Resistance: 1230.00 – 1235.00 – 1347.00

Direction:Bearish

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