Gold is still moving within a very narrow range and movements are very slow, while fluctuation continues around 161.8% Fibonacci at 1086.00.
Potential price explosion could be seen, although ADX is negative with continuous attempts from RSI14 to inch higher.
Anyway, we remain bearish as far as 1100.00 hold over intraday basis.
Support: 1080.00 – 1075.00 – 1051.00
Resistance: 1087.00 – 1090.00 – 1100.00
Direction: Bearish