Daily: With Gold moving sideways since last Friday, the indicators start to show weariness. Or maybe, it is just a way for gold to give a rest to the indicators so that it may recoil up. With gold keeping its stance on its higher side of the range (daily range: 1255-1260 to 1305-1311) and it can defend the higher side, the momentum will look better as the days pass. Now for bulls, the line of support hinge upon 1276. D-PSAR at 1276.6 is important to remember for today. Should gold really plan to go up, better stay away from D-PSAR.
Intraday: with recent moves continuing, gold is easily bouncing up and down, confusing the directional day-traders. 1285 seems to be yo-yo-ing just for fun. is at 1286. for this 2-3 hours, bulls should keep the close above 1288.
The moves have been more or less dependent on the brexit polls, which are now anyone's guess. Would we play defend or offend?