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Gold Remains Bullish Above 1120.00

Published 10/06/2015, 05:32 AM
Updated 07/09/2023, 06:31 AM

The sideways trading range continued to dominate gold's market movements since yesterday, but ADX has overlapped bullishly over four-hour interval.

Gold 4-Hour Chart

The bullishness remains valid due to trading above 1120.00, while RSI remains stable above 50.00 levels and above gold trades above moving averages. Thus, the bullishness could be seen over inside the sideways range of the triangle.

  • Support: 1134.00 – 1130.00 – 1125.00
  • Resistance: 1142.00 – 1151.00 – 1154.00
  • Direction: Bullish

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