US$1445 likely to act as key support for Gold spot (XAU/USD)

Considering the daily timeframe, the Gold spot (XAU/USD) had given a Neckline breakdown of Adam and Adam Double Top pattern on September 05, 2019, and witness correction, thereafter. The correction is halted near 38.2 per cent Fibonacci retracement level of its last upward move (US$1,266-US$1,556.86).
 
Currently, gold is trading above its 20-week EMA (US$1,465.02), 50-week EMA (US$1,405.01), 100-week EMA (US$1,351.10), and 200-week EMA (US$1,298.76), which indicates a medium-long term uptrend. The weekly strength indicator, RSI, continues to remain flat for the last 5 weeks, indicating an absence of strength. However, the momentum oscillator stochastic is scaling up, indicating an upside momentum. The daily MACD stays bullish, as it is trading above its zero line.
 
Going ahead, the zone of US$1,484-US$1,490 is likely to act as an immediate hurdle for gold. A follow-through move above this level would lead to an extension of the pull-back toward US$1,515, followed by US$1536. While on the downside, the level of US$1,445 will be a major support for gold, as it is the level of 38.2 per Fibonacci retracement of a recent upward move (US$1,266-US$1,556.86).