Gold is moving slowly.
The support rests at 1492.24 with resistance at 1517.05 which the weekly pivot point at 1501.23 is located in between the lines. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is falling towards oversold area, the Stochastic is showing downward momentum and the MACD line is on the signal line in the neutral territory. The ADX is not showing any clear signals. The price is in 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.
It seems that Gold is under pressure, sellers can target 1491.
