USD bulls are putting Gold under pressure.
The support rests at 1921.98 with resistance at 1951.91 which both lines are below the weekly pivot point at 1956.77. The EMA of 10 is moving with bearish bias in the descendant channel and it is above the EMA of 200 and below the EMA of 100. The RSI is rising towards level 50, the Stochastic is moving in low ranges and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal. The price is below the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen is showing a downward trend and the Kijun-sen is showing an upward trend.
Short positions are recommended towards 1915.
