Gold price hasn’t moved a lot because of the American holiday.
The support rests at 1290.20 with resistance at 1295.33 which both lines are above the weekly pivot point at 1287.90. The EMA of 10 is moving with bullish bias and it is above the EMA of 200 and the EMA of 100. The RSI is moving above the 50 level, the Stochastic is moving in high ranges and the MACD indicator is in positive territory. The ADX is showing weak 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 downward trend.
Long positions are recommended towards 1300.

gold analysis