The sideways range trading on Gold continued with stable move above 1113.00, which could trigger bullish attempts.

ADX is showing weakness, but RSI started to move above 50.00 and that keeps chances of re-visiting 1136.00 as far as 1097.00 holds.

Support: 1113.00 – 1105.00 – 1097.00

Resistance: 1125.00 – 1130.00 – 1136.00

Direction: Up

Posted By: ICN.COMon: August 19, 2015In: Technical Analysis

• Gold Pressured By Bearish Outside Markets   (2016-11-01 03:50:56)
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• 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)
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• 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)