Gold failed to stabilize above 1102.00 during the Asian session and prices have declined slightly as seen on the provided daily chart., while RSI is still trading above 50.00 levels.
Hence, we prefer to stand aside, as prices stabilize above moving averages and above 1080.0, while ADX becomes weak.
A break above 1102.00 will bring the bullishness back into focus.
Support: : 1090.00 – 1080.00 – 1075.00
Resistance: 1102.00 – 1102.00 – 1110.00
Direction: Neutral
