Gold is trying to gain its loss during the Asian session.
The support rests at 1525.55 with resistance at 1538.05 which both lines are below the weekly pivot point at 1540. The EMA of 10 is moving horizontally in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving above 50 level, the Stochastic is showing upward momentum and the MACD line is on the signal line in the neutral territory. The ADX is showing buy signal. 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.
Long positions are recommended towards 1542.
