Gold succeeded in stabilizing above SMA20 along with four-hour closing above 1078.00, which suggests bullish move.
ADX and RSI are showing weak movements, but we need a breakout above 1090.00 -88.6% Fibonacci- and above SMA50, while a break below 1062.00 will cause failure.
Support: 1070.00 – 1062.00 – 1050.00
Resistance: 1082.00 – 1090.00 – 1101.00
Direction: Bullish