Despite being close to 70.00 levels of RSI, but stability above 1236.00 makes us neglect this signal, as prices are now above 1219.00 support, which is a positive signal and may extend the bullishness.

We are now targeting 1260.00 where 61.8% Fibonacci exists after breaching the resistance line earlier, supported by moving above moving averages.

Areas of 1280.00-1281.00 could be re-tested later and we remain bullish as far as 1219.00 areas hold.

Stability above 1236.00 is preferable to be bullish.

Support: 1236.00 – 1225.00 – 1219.00

Resistance: 1242.00 – 1250.00 – 1261.00

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)