Gold declined again after NFP , trading below 1065.00 and that brings back the negativity and we need to witness a  breakout below 1060.00 to be bearish more. Anyway, we remain bearish, but we keep the protection with buy stop order appearing in the yellow area for subscribers.

Gold attempts to breach the first resistance of 1063.00, which forces us to place a protection for our suggested position.

Coming above 1078.00 after stabilizing above 1063.00 will change the bearish picture and will extend the bullish recovery.

Despite rebounding from 1050.00-1045.00 regions, but there were no sign of positivity on ADX or on RSI.

Moving averages remain bearish and that would trigger a new bearish wave. But, any move above 1078.00 would cancel out the bearishness and would start a bullish corrective wave.

Breaching trough 1045.00 would bring panic sell-off actions.

Support: : 1050.00 – 1045.00 – 1035.00

Resistance:: 1063.00 – 1078.00 – 1090.00

• 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)