Gold weakened on Monday but during the last 24 hours it rose a bit against USD.
The support rests at 1217.70 with resistance at 1227.10 which both lines are below the weekly pivot point at 1228.33. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is rising towards the 50 level, the Stochastic is showing upward momentum and the MACD line is above the signal line in the positive territory. The ADX is showing strong sell signal. The price is below the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
The resistance level breakout will push the price up towards 1240.