The FOMC Meeting Minutes on Wednesday supported Gold.
The support rests at 1328.04 with resistance at 1335.64 which both lines are above the weekly pivot point at 1317.43. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving in 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 an upward trend while the Kijun-sen is showing a horizontal trend.
Gold remains bullish however, the resistance level seems to be too strong to be broken, sellers can wait a bit longer and target 1317.

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