Gold is hitting new lows by the growth of USD value.
The support rests at 1700.58 with resistance at 1727.06 which the weekly pivot point at 1752.97 is located above the lines. The EMA of 10 is moving with bearish bias in the descendant channel and it is below EMA of 100 and 200. The Stochastic is showing upward momentum, the RSI is rising towards level 50 and the MACD indicator is in positive territory. The ADX is not showing any clear signals. The price is below the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen is showing a horizontal trend and the Kijun-sen is showing a downward trend.
The resistance level breakout will confirm the bullish trend towards 1750.00; otherwise, the bearish trend will resume targeting 1680.