The liquidity for Gold market is more than the BTC market. USD was empowered which makes Gold under pressure.
The support rests at 1755.30 with resistance at 1779.45 which the weekly pivot point at 1787.83 is located above the lines. The EMA of 10 is moving with bearish bias in the descendant channel and it is below EMA of 100 and 200. The Stochastic is showing downward momentum, the RSI is moving in oversold area and the MACD indicator is in 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 downward trend.
Short positions are recommended towards 1700.

gold