Saudi Arabia Oil Attacks has given some strength to Gold.
The support rests at 1487.06 with resistance at 1504.01 which both lines are below the weekly pivot point at 1507.93. 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 moving on 50 level, the Stochastic is moving in low ranges and the MACD line is on the signal line in the positive territory. The ADX is not showing any clear signals. The price is below the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen is showing an upward trend while the Kijun-sen is showing a horizontal trend.
The resistance level breakout will confirm the bullish scenario targeting 1509; otherwise Gold will drop to 1480.
