The broad weakness in the greenback helped Gold grow.
The support rests at 1297.81 with resistance at 1305.48 which both lines are above the weekly pivot point at 1293.80. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 200 and below the EMA of 100. The RSI is falling towards 50 level, the Stochastic is showing downward momentum and the MACD line is on the signal line in the neutral territory. The ADX is showing sell signals. The price is in the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing an upward trend.
The indicators are showing mixed signals. The support level breakthrough will push the price down towards 1296; otherwise, Gold may grow towards 1310.
