After a little higher finish on Wednesday, gold futures are edging higher on Thursday morning. Wednesday’s price movement was remarkable, with buyers stepping in after the market fell intraday at the start of the day.
The support rests at 1758.36 with resistance at 1766.61. The pivot point at 1761.43 and the price is moving below it. The EMA of 10 is moving horizontally and it is below EMA of 200 and the EMA of 100 which both shows a downtrend. Stochastic is moving toward the low ranges and generated a sell signal. The RSI is moving toward the level of 70 and the ADX is showing a horizontal momentum. The MACD histogram is in negative territory.

• There is resistance at 1766.61, followed by resistance at 1769.68 and 1774.86.
• There is support at 1758.36, Below, there is 1753.18 and 1750.11.

Note: We do not suggest any investment advice, and these analyses are just to increase the traders’ awareness but not a certain instruction for trading.