Weak movements have been witnessed but gold stabilizes below 1060.00, which comes before 1065.00 resistance and 1074.00 and that is a negative catalyst.

Stability below 1065.00 keeps the bearishness available, while coming below 1050.00 will confirm and accelerate.

Gold moves bearishly along with continuous negative signs on moving averages and ADX; although RSI moves inside oversold territories without showing positivity.

Hence, we may witness additional downside actions and a break below 1050.00 will affirm; noting that, today we will witness November closing and that may trigger fluctuation.

Anyway, we remain bearish as far as 1065.00 holds.

Support: : 1065.00 – 1060.00 – 1050.00

Resistance: 1075.00 – 1081.00 – 1090.00

Direction: Bearish

• 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)