Gold failed to touch 50% Fibonacci after reaching the first target at 1102.00, but we see how the declines have been limited above 1080.00 and above moving averages, which make the situation unclear despite the positivity over bigger intervals.
Stability above 1080.00 is positive, supported by ADX bullish sign, but RSI approaches 70.00.
Hence, we will be bullish, but we will not take any positions before seeing stable moves above moving averages.
Support: : 1090.00 – 1080.00 – 1065.00
Resistance: 1102.00 – 1119.00 – 1136.00
Direction: Bullish, but we will avoid trading