Gold analysis for 14.09.2020

Gold was growing but declined when the USD was empowered.
The support rests at 1933.46 with resistance at 1957.14 which the weekly pivot point at 1944.93 is located in between the lines. The EMA of 10 is moving horizontally in the descendant channel and it is moving on the EMA of 100 which are both above the EMA of 200. The RSI is moving on level 50, the Stochastic is showing upward momentum and the MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals. The price is in the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen is showing a downward trend and the Kijun-sen is showing a horizontal trend.
Long positions are recommended towards 1970.

gold
Source: fxglory