Gold attempts to move higher above moving averages, while trading continues below the minor resistance seen on the graph.

Stability above 1136.35 is a positive signal, but failure to hit 1147.00 is a negative catalyst; thus, we prefer to stand aside between those levels.

Support: 1136.00 – 1130.00 – 1120.00

Resistance: 1147.00 – 1154.65 – 1162.00

Direction: Sideways

Posted By: ICN.COMon: September 02, 2015In: Technical Analysis

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• 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)