Gold declined slightly during the Asian session, but the declines are trapped above the main resistance seen on the provided chart.

RSI14 shows negative tendencies without reversal signs, while ADX remains positive despite the signs of weakness.

We will be neutral over intraday basis and we will watch out the price behaviors around 50% Fibonacci at 1154.65.

Support: 1150.00 – 1143.00 – 1136.00

Resistance: 1160.00 – 1172.00 – 1180.00

Direction: Sideways

Posted By: ICN.COMon: August 24, 2015In: Technical Analysis

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