Last week Gold was under pressure due to the US impressive economic reports.
The support rests at 1936.07 with resistance at 1972.54 which the weekly pivot point at 1961.60 is located in between the lines. The EMA of 10 is moving horizontally in the descendant channel and it is above the EMA of 200 and below the EMA of 100. The RSI is rising towards level 50, the Stochastic is moving in middle ranges and the MACD line is above the signal line in the positive territory. The ADX is not showing any clear signals. The price is in the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen is showing a horizontal trend while the Kijun-sen is showing a downward trend.
Long positions are recommended towards 1983.
