The Gold market is moving high and above the EMA200 in Today’s trading session. The technical studies indicate a wide momentum in the Gold price.
The support rests at 1897.49 with resistance at 1902.49. The pivot point at 1899.82 is located above the price line. The EMA of 10 is moving with bearish bias in the ascendant channel and it is above EMA of 200 and the EMA of 100. Stochastic generated a crossover buy signal. The RSI is moving horizontally and the ADX is rising. The MACD histogram is in negative territory but the signals are showing an upward momentum.

• There is resistance at 1902.49, followed by resistance at 1904.82 and 1907.49.
• There is support at 1897.49, Below, there is 1894.82 and 1892.49.

Note: We do not suggest any investment advice, and these analyses are just to increase the traders’ awareness but not a certain instruction for trading.

ggold analysis