In the daily charts, the short term directional indicators have just touched the 50% mark.
However, with the NFP just a day away, plus lots of yellin' from Yellen, is keeping the market behaving irrationally and gold will be easily swayed by the next direction of the news.
So do expect even more unexplainable moves leading up to the NFP.
The medium term trending indicators are arched upwards just below the parity line and it will be good enough to propel it northwards to at least 1300 if it so desired.
The long term directional indicators' signals were only recently cancelled and will be at least a good week and a half before the new trend comes into being.
The momentum/volatility indicators drooped a little as it didn't move too far or aggressively from the recent range.
Interim supports are at 1229.50, 1220 & 1205.50 with minor supports at 1228, 1218.40 & 1208.80.
Interim resistances are at 1245, 1253 & 1257.50 with minor resistances at 1238, 1251.70 & 1268.30,
The daily/weekly trend changer points are at 1253.55/1151.75,
Get Gold Trading Chat (Android), excerpts from there
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