Gold traded within a narrow 1280.00, and the European session started with weak movement.
Holidays today in European banks may lower the liquidity, and we see contradiction between signals on RSI and ADX.
Stability below moving averages and above 61.8% Fibonacci at 1259.00 makes it hard to suggest a direction.
We will be neutral, but a break below 1270.00 will be bearish.
Support: 1277.00 – 1272.00 – 1259.00
Resistance: 1290.00 – 1300.00 – 1318.00
Direction: Neutral