Gold declined, trading below 1111.00 and that could bring a re-test of 1105.00 followed by 1100.00 psychological and may be 1098.00. A break below 1098.00 would expose 1091.00 and 1082.00.
Strong negative sign appears on ADX and moving averages; thus, we remain bearish on gold as far as 1120.00 and 1121.00 holds.