The main support at 1055.00 remains stable and prevents gold from declining, while the metal started to trade again above 113% Fibonacci at 1062.00, which is a bullish signal.
Trading above moving averages in addition to the negativity on ADX and RSI moving below 50.00 make a contradiction between signals.
Hence, we will be neutral today unless the metal breaches 1078.00, as that will affirm starting a new upside wave.
Support: : 1055.00 – 1050.00 – 1045.00
Resistance:: 1078.00 – 1090.00 – 1101.00
Direction: Neutral, but bullish above 1078.00