Gold Fails To Stabilize Above 1281

London (May 18)  Gold failed to stabilize above 1281.00 during Asian session. RSI declined, but remains trading above 50.00. ADX also moved upwards with decline +D.

We will be neutral due to the aforementioned factors, as trading remains above 1259.00 but below 1281.00.

Support: : 1267.00 – 1259.00 – 1250.00

Resistance: 1281.00 – 1295.00 – 1300.00

Source: Investing.com