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Direction: Neutral
2016-05-18 17:28:24

Gold, May 18

on: In: Technical Analysis
 Print
Gold failed to stabilize above 1281.00 during Asian session, while RSI declines, but remains trading above 50.00. ADX also moves upwards with decline +D.

GOLD@Daily-24

We will be neutral due to the aforementioned factors as trading remains above 1259.00, but below 1281.00.

Support: : 1267.00 – 1259.00 – 1250.00

Resistance: 1281.00 – 1295.00 – 1300.00

Direction: Neutral

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