Gold is currently trading above 50% Fibonacci at 1134.00 and stability above this level will be a very positive catalyst, as ADX positivity increases.

Stable moves above moving averages in addition to hitting 1134.00 should ease the path towards 1142.75, while coming below 1125.00 will negate.

Support: 1134.00– 1130.00– 1125.00

Resistance: 1142.00– 1150.00– 1150.00

Direction: Bullish above 1142.00.

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

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