Gold declines gradually, trading below 1173.00, which is a negative signal and may bring additional debasement.
ADX is negative and also, RSI trades below 50.00; therefore, we suggest potential downside move.
Ultimately, we should witness a breakout below 1165.00 to prove the bearishness; otherwise, the correction will be limited.
Support: 1170.00 – 1165.00 – 1154.00
Resistance: 1180.00 – 1189.00 – 1194.00
Direction: Bearish