Gold inclined, trading above 1090.00 regions, which is a good technical factor and would assist the metal to reach 1100.00-1105.00. Any trading above 1078.00 is positive now, while stability above 1082.00 would be good for intraday trading.

Note, direct recommendation was added in the yellow area for subscribers.

Gold attempts to incline, but the bullishness remains limited below 1090.00, In fact, we can depend on stability above 1070.00 to be bullish.

Note, we will not suggest new positions until we get a daily closing above 1050.00 to make sure that the breakout above SMA isn’t false one.

Gold trades below SMA50 despite stabilizing above SMA20 and above 1077.00.

SMA50 stopped the bullish actions and thus, ADX showed negative sign although RSI remains positive.

We see inappropriate risk versus reward ratio along with strength of SMA50. Thus, we will be neutral now.

Support: :1077.00 – 1070.00 – 1062.00

Resistance: 1084.00 – 1090.00 – 1101.00

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)