Gold Moves Sideways Above 1115.00
ICN.com | Sep 09, 2015 04:28AM ET
Gold moved sideways along with weak trading behaviors above 1115.00, which is a minor support. Meanwhile, gold stabilizes below moving averages and below 1136.35 resistance.
Over short-term basis, the bearishness remain valid, but we are waiting for a break below 1113.00 to affirm the outlook. Over intraday basis, we need more signs and thus, we remain on the sidelines until the signs on RSI and ADX technical indicators are affirmed.
- Support: 1120.00 – 1113.00 – 1097.00
- Resistance: 1130.35 – 1136.00 – 1147.00
- Direction: Bearish, but we will stand aside.
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