Trade Gold: AttemptingTo Inch Higher. 9 Decembre 2015.

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Gold Futures attempts to inch higher, but until now, it can’t stabilize above SMA20 and that makes us it dangerous to suggest a position.

Trade Gold: AttemptingTo Inch Higher. 9 Decembre 2015.

The general positivity is still in favor as far as trading remains above 1062.00-1065.00, but as discussed earlier, we need a breakout above 1078.00-1080.00 to affirm the bullishness with a positive crossover on ADX.

Support: : 1070.00 – 1062.00 – 1050.00

Resistance:: 1078.00 – 1090.00 – 1101.00

Direction: Bullish, but we will avoid trading.