While Corona crisis brings Gold on spotlight, the US economic data have been supportive.
The support rests at 1793.21 with resistance at 1810.35 which both lines are the weekly pivot point at 1776.63 is located in between the lines. The EMA of 10 is moving with bearish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is falling towards level 50, the Stochastic is moving in low ranges and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal. The price is in the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
Short positions are recommended towards 1785; buyers can return to the market afterwards.