As the USD goes under pressure, Gold starts its growth.
The support rests at 1870.20 with resistance at 1895.18 which both lines are above the weekly pivot point at 1849.40. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above EMA of 100 and 200. The Stochastic is moving in high ranges, the RSI is moving in overbought area and the MACD indicator is in positive territory. The ADX is not showing any clear signals. The price is above the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
Long positions are recommended towards 1900.

gold