The strong USD is putting pressure on Gold.
The support rests at 1302.65 with resistance at 1312.71 which both lines are below the weekly pivot point at 1316.17. The EMA of 10 is moving with bearish bias in the descendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is falling towards oversold area, the Stochastic is moving in low ranges and the MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals. The price is below the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
The support line seems to be too strong to be broken therefore the price may fall towards the support zone but then buyers can target 1315.
