Gold traded above SMA20, but below SMA20 at 1.0780 along with tight trading behaviors and unclear signals on RSI and ADX.
Hence, we are forced to stand aside, as volume is too low and that would bring volatile movements ahead of Christmas holidays.
Only a break above 1078.00 will bring additional upside actions.
Support: 1070.00 – 1062.00 – 1050.00
Resistance: 1082.00 – 1090.00 – 1101.00
Direction: Sideways, but bullish above 1078.00