Gold bulls failed to grow beyond 1760.
The support rests at 1729.49 with resistance at 1746.77 which the weekly pivot point at 1741.07 is located in between the lines. The EMA of 10 is moving with bearish bias in the ascendant channel and it is below EMA of 200 and above the EMA of 100. The Stochastic is showing downward momentum, the RSI is moving below level 50 and the MACD indicator is in negative territory. The ADX is showing sell signal. The price is in the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
The decline for Gold may continue towards 1720 to find momentum for the next growth.
