Gold bounced from SMA50 during the Asian session, but it is still limited below SMA20 as seen on the provided chart.
ADX attempts to achieve bearish crossover, while RSI trades below 50.00 level and that keeps the bearish prospects unchanged. A break below 1165.00 will affirm the bearishness.
Support: 1170.00 – 1165.00 – 1154.00
Resistance: 1180.00 – 1189.00 – 1194.00
Direction: Bearish