By examining the four-hour chart, we will see the probability of gold forming double bottoms below 1086.00 levels.
Additionally, we are witnessing stable moves above SMA20 and SMA50, while RSI is also stable above 50.00.
However, we are not sure about the bullish tendencies, as bigger time-frames are negative.
In result, we will be neutral today to see how the pair will behave around 1086.00 and near 1100.00.
Support: 1086.00 – 1080.00 – 1075.00
Resistance: 1100.00 – 1110.00 – 1117.00
Direction: Neutral