Gold continued to incline and we believe that the becomes open towards 1160.00. We remain bullish on gold and trading above 1140.00 will affirm the outlook.

 

Gold inclined, breaching 61.8% Fibonacci at 1136.00, which assisted bulls to target 78.6% Fibonacci at 1160.00.

ADX is positive, while moving averages are positive and that makes us neglect the overbought on RSI.

Stability above 1118.00 is required to keep the bullish scenario valid, while 1136.00 is the key for intraday bulls.

Support: : 1140.00 – 1136.00 – 1130.00

Resistance: 1150.00 – 1155.00 – 1160.00

Direction: Bullish

• 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)