The progress in Brexit deal and US-China trade talks is weighing on Gold.
The support rests at 1489.05 with resistance at 1494.85 which the weekly pivot point at 1492.57 is located in between the lines. The EMA of 10 is moving horizontally in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is moving on 50 level, the Stochastic is moving in overbought area and the MACD line is on the signal line in the positive territory. The ADX is showing sell signal. The price is in the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen is showing a downward trend while the Kijun-sen is showing a horizontal trend.
Sellers can target 1485.
