Gold trades below moving averages 20 and 50 and below 1078.0 as well, which should trigger bearish actions with stability of RSI below 50.00, but signals on ADX are very weak due to moving above support.
Trading above 1065.00 and 1062.00 stopped the bearishness and thus, we should be patient and we will be waiting for a convenient signal to enter the market.
Support: : 1065.00 – 1062.00 – 1050.00
Resistance:: 1078.00 – 1090.00 – 1101.00
Direction: Sideways