Gold is presently facing the key Fibonacci level of 23.6% at 1113.00, as seen on the provided graph along with stable move above SMA20.
Trading above 1097.00 is a positive factor, as it represents 13% Fibonacci level, while ADX started to move bullishly.
Of note, upside momentum increased with the breakout above 50.00 on RSI14.
Support: 1105.00 – 1097.00 – 1086.00
Resistance: 113.00 – 1120.00 – 1136.00
Direction: Neutral