Gold trades near 23.6% Fibonacci at 1080.00, which is a very decisive level for today’s trading.
ADX shows the ability to crossover negatively, while RSI is negative, attempting to breach 50.00 levels.
We need to see stability below 1080.00 to follow through and we will update once the metal offers a reliable signal.
Support: : 1080.00 – 1070.00 – 1065.00
Resistance: 1090.00 – 1095.00 – 1102.00
Direction: Sideways