Gold is falling down against the strong USD.
The support rests at 1307.76 with resistance at 1315.96 which both lines are below the weekly pivot point at 1325.03. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is moving in oversold area, the Stochastic is moving in low ranges and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal. The price is below the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen is showing a horizontal trend while the Kijun-sen is showing a downward trend.
Gold will continue its decline towards 1300.

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