Gold market has been noisy due to the geopolitical issues worldwide.
The support rests at 1297.46 with resistance at 1304.34 which both lines are above the weekly pivot point at 1294.27. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA of 200 and above the EMA of 100. The RSI is moving below the 50 level, the Stochastic is moving in low ranges and the MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals. The price is in the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
Gold will be fluctuating within the support and resistance area.

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