Gold stabilized above 38.2% Fibonacci at 1101.00, which is positive and the bullish signals appear on ADX along with trading above moving averages.
Therefore, we will be bullish, targeting 1118.00 -50% Fib.- followed by 1136.00.
Note that, a break below 1080.00 will negate the bullish scenario, while moving above 1090.00 is preferable to keep the scenario valid.
Support: : 1101.00 – 1090.00 – 1080.00
Resistance: 1119.00 – 1125.00 – 1136.00
Direction: Bullish