Gold markets fall during the Tuesday trading session and it will continue its decline due to the USD strength.
The support rests at 1306.27 with resistance at 1315.44 which the weekly pivot point at 1309.97 is located in between the lines. The EMA of 10 is moving horizontally in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is falling towards the oversold area, the Stochastic is showing downward momentum 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 the Chinkou Span. The Tenkan-sen is showing a horizontal trend while the Kijun-sen is showing an upward trend.
Gold will continue its decline towards 1300.