The US better than expected economic reports is weighing on Gold.
The support rests at 1901.50 with resistance at 1929.70 which both lines are above the weekly pivot point at 1893.40. The EMA of 10 is moving with bullish bias in the ascendant channel and it is below the EMA of 100 and the EMA of 200. The RSI is moving above level 50, 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 and the Kijun-sen are both showing an upward trend.
The resistance line seems too strong to be broken. The price is growing but the eventual decline will hit 1880.00.

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