Gold analysis for 05.09.2017

Gold price is chiefly under the influence of the US and North Korea issue. The support rests at 1332.08 with resistance at 1344.08 which both lines are above the weekly pivot point at 1320.63. The EMA of 10 is moving with bullish bias along the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving in overbought area, the Stochastic is moving in middle ranges and the MACD indicator is in positive territory. The ADX is showing buy signals. The price is above the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen is showing an upward trend while the Kijun-sen is showing a horizontal trend. Gold will continue its bullish trend towards 1352. https://fxglory.com/gold-analysis-for-05-09-2017/