Gold was weakened when Federal Reserve left interest rates unchanged.
The support rests at 1337.20 with resistance at 1346.54 which both lines are below the weekly pivot point at 1348.50. The EMA of 10 is moving with bearish bias in the ascendant channel but it is above the EMA of 200 and the EMA of 100. The RSI is falling below the 50 level, the Stochastic is moving in high ranges and the MACD line is on the signal line in the neutral territory. The ADX is showing sell signal. The price is below the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
Short positions are recommended towards 1300.

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gold