Gold has been growing up since the middle of July.
The support rests at 1241.75 with resistance at 1247.91 which both lines are above the weekly pivot point at 1221.40. The EMA of 10 is moving with bullish bias along the ascendant channel and it is below the EMA of 200 and above the EMA of 100. The RSI is moving horizontally in the overbought area, the Stochastic is moving in high ranges and the MACD indicator is in positive territory. The ADX is showing buy signals. The price is above the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen is showing a horizontal trend and the Kijun-sen is showing an upward trend.
Gold will continue its bullish trend targeting 1254.56.

gold analysis