Gold inclined again, but couldn’t affirm clearing 1270.00. It should be breached to extend the bullishness. We remain bullish, but we will not trade until it clears 1281.00.
Gold stabilized below 1270.00 -13% Fibonacci- and this level is critical.
With the end of this week’s trading and unclear break above 1270.00, which contradicts with positivity on moving averages.
We will stand aside although we are bullish.
Support: :1260.00 – 1255.00 – 1250.00
Resistance: 1270.00 – 1281.00 – 1300.00
Direction: Bullish, but we will avoid trading
