The weakness of USD and the concerns over US-China trade deal is giving Gold some strength.
The support rests at 1509.35 with resistance at 1519.25 which both lines are above the weekly pivot point at 1503.40. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving in overbought area, the Stochastic is moving in high ranges and the MACD line is above the signal line in the positive territory. The ADX is showing buy signal. The price is above the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen is showing an upward trend and the Kijun-sen is showing a horizontal trend.
Long positions are recommended towards 1520.
