Gold is moving weaker than USD.
The support rests at 1725.65 with resistance at 1739.95 which both lines are above the weekly pivot point at 1705.23. 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 moving above level 50, the Stochastic is moving in low ranges and the MACD line is on the signal line in the neutral territory. The ADX is showing buy signal. The price is above the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing an upward trend.
Long positions are recommended towards 1740.
