As the Unemployment rate is increasing in the US, there is a high chance of Gold growth again.
The support rests at 1701.66 with resistance at 1716.46 which both lines are below the weekly pivot point at 1719.80. 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 moving below level 50, the Stochastic is showing downward momentum and the MACD line is on the signal line in the neutral territory. The ADX is showing sell signal. The price is below the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen is showing an upward trend while the Kijun-sen is showing a horizontal trend.
The price may decline towards 1702 but it is not going to break the support line.

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