Gold traded negatively, as moving below 1062.00 is negative and that would make 1078.00 stronger.
However, we can’t suggest any new positions due to the sensitivity of current levels.
ADX shows weakness and RSI is negative below 50.00, while moving averages show sideways signals.
Anyway, we will avoid trading now, waiting for better signals to enter the market.
Support: : 1055.00 – 1050.00 – 1045.00
Resistance:: 1078.00 – 1090.00 – 1101.00
Direction: Bearish attempt, but we will not suggest positions now.