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.
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.