Gold inclines, stabilizing above 1154.00, which is a positive thing and we are currently targeting 61.8% Fibonacci. The extension of the bullish wave depends on clearing this level.
ADX and RSI are positive and that reinforces our outlook; noting that, 1173.00 is the new key for bulls and clearing it will expose additional upside targets
Support: 1162.00 – 1154.00 – 1150.00
Resistance: 1173.00 – 1180.00 – 1192.00
Direction: Bullish with extension above 1173.00.