Gold SMA20 at 1240.00 has limited the bearishness, while RSI stopped edging lower below 50.00.
Meanwhile, the inclines also have been limited below 1260.00-1261.00 resistances; thus, we can’t be bullish.
ADX didn’t affirm the bullishness and therefore, we will update this report once a clear signal appears.
In general, we will be neutral between 1260.00 and 1240.00.
Support: 1250.00 – 1240.00 – 1235.00
Resistance: 1260.00 – 1272.00 – 1281.00
Direction: Neutral