Gold inclined above 1136.00 where 38.2% Fibonacci exists along with positive signs on moving averages and ADX, which shows increase in the strength of the bull trend.

RSI is moving inside overbought territories, but moving above 1136.00 suggests more upside movements, targeting 1150.00 and 1154.00.

On the downside, coming below 1125.00 will weaken upside resumption.

Support: 1136.00 – 1130.00 – 1125.00

Resistance: 1143.00 – 1150.00 – 1154.00

Direction: Up

Posted By: ICN.COMon: August 20, 2015In: Technical Analysis

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