Gold trades within the same trading range due to lack of real volumes amid vacations between 1062.00 and 1078.00.
Trading between these levels keeps the neutrality in favor despite the weakness appearing on technical indicators below moving averages.
A break below 1062.00 will actuate bears to test 1045.00, while extensions of the wave could be seen below it.
Support: : 1062.00 – 1050.00 – 1045.00
Resistance:: 1078.00 – 1082.00 – 1090.00
Direction: Sideways