Gold is acting weak against the strong USD which is chiefly under the influence of geopolitical tensions over North Korea and Syria which is under control.
The support rests at 1332.14 with resistance at 1339.64 which both lines are below the weekly pivot point at 1344.77. The EMA of 10 is moving with bearish bias in the descendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving in oversold area, the Stochastic is moving in low ranges and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal. The price is below the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
Short positions are recommended towards 1326.

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