Gold moved higher to trade above 1078.00, which is a positive catalyst and would bring a test of 1090.00.

Due to stability above SMA20, we will be bullish as far as 1062.00 holds and 1070.00 is the intraday protection.

Gold attempts to trade higher, but 1078.00 held; thus, we remain on the sidelines due to the sideways actions seen below this resistance.

Gold inclines to touch levels around SMA20 at 1070.00, but trading remains within the same range between 1078.00 and 1062.00.

ADX shows weakness in the downtrend, while ADX attempts to incline but remains stable below 50.00.

Hence, we will be neutral awaiting for more confirmation.

Support: : 1062.00 – 1050.00 – 1045.00

Resistance:: 1078.00 – 1082.00 – 1090.00

Direction: Sideways

• 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)