Gold is moving in bullish bias capturing new highs day by day while respecting the boundaries of the ascendant channel.
The support rests at 1786.79 with resistance at 1801.64 which the weekly pivot point at 1760.20 is located below the lines. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above EMA of 200 and the EMA of 100. The Stochastic is moving in high ranges, the RSI is moving in overbought area and the MACD indicator is in neutral territory. The ADX is not showing any clear 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.
Long positions are recommended towards 1820.

gold