Gold is presently attempting to breach the 1,690 resistance, after holding above the near-term uptrend line drawn from March 20 . The recent positive price action off the ascending line appears to be reflected in a bullish crossover of the Kijun-sen line by the upward sloping Tenkan-sen line.
The short-term oscillators continue to confirm the positive sentiment from the 1,566 level, with the MACD, in the positive region, increasing above its red trigger line while the RSI gradually advances in the bullish territory.
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