Gold price has been fluctuating within the last weeks.
The support rests at 1718.91 with resistance at 1739.31 which the weekly pivot point at 1732.70 is located in between the lines. The EMA of 10 is moving horizontally in the ascendant channel and it is below EMA of 100 and 200. The Stochastic is showing downward momentum, the RSI is falling below level 50 and the MACD indicator is in negative territory. The ADX is showing sell signal. The price is below the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
Gold is moving sideways, in case of the price growth, buyers can expect 1750.
