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Direction: Neutral
2016-04-08 16:50:48

Gold, Apr.08

 

Gold has declined during Asian session, but traded around SMA20 at 1232.00, while ADX shows weakness and RSI is nearing 50.00 levels.

GOLD@Daily-11

The aforesaid factors weakens the bullishness that appears with stability above 1227.00.

Hence, we will be neutral to see whether SMA20 will hold or not.

Support: 1227.00 – 1219.00 – 1207.00

Resistance: 1242.00 – 1252.00 – 1260.00

Direction: Neutral





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