Gold is moving sideways.
The support rests at 1946.13 with resistance at 1969.53 which both lines are above the weekly pivot point at 1944.93. The EMA of 10 is moving with bullish bias in the horizontal channel and it is above the EMA of 100 and the EMA of 200. The RSI is moving on level 50, the Stochastic is showing upward momentum and the MACD line is below the signal line in the negative territory. The ADX is showing buy signal. The price is in the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
Long positions are recommended towards 1970.

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