Gold had a decline in the beginning of the month but started to grow again.
The support rests at 1829.90 with resistance at 1853.50 which the weekly pivot point at 1824.53 is located below the lines. The EMA of 10 is moving with bullish bias in the descendant channel and it is below EMA of 100 and 200. The Stochastic is showing downward momentum, the RSI is moving in above level 50 and the MACD indicator is in neutral territory. The ADX is not showing any clear signals. The price is above the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
The resistance level breakout will confirm the bullish trend towards 1870 otherwise Gold will be fluctuating above the support line.

gold