Gold has placed a good support at 1115.00 and that supports the Fibonacci support at 23.6% around 1113.65.

In fact, the general bearishness remains valid, as RSI and moving averages are negative.

We can’t depend on technical signs to suggest further upside actions since prices stabilize below 1136.35 along with coverage from moving averages.

Thus, we will be neutral over intraday basis.

Support: 1120.00 – 1113.00 – 1097.00

Resistance: 1130.35 – 1136.00 – 1147.00

Direction: Bearish, but we will stand aside.

Posted By: ICN.COMon: September 08, 2015In: Technical Analysis

• Gold Pressured By Bearish Outside Markets   (2016-11-01 03:50:56)
• Trend Down Under at 1360.00 and 1347.00 1332.00 targets 1370.00 as long as they do not violate   (2016-07-12 17:27:51)
• 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)
• Direction: Bearish below 1263.00, targeting 1250.00 and 1239.00 as long as the price trading below 1282.00   (2016-06-23 19:20:37)
• 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)