Moving sideways.
• Gold is consolidating around 1265 after the
yellow metal has faded near the hourly
resistance at 1295 (18/04/2017 high). Support can
be located at 1261 (intraday low). The road is
wide-open for further decline.
• In the long-term, the technical structure
suggests that there is a growing upside
momentum. A break of 1392 (17/03/2014) is
necessary ton confirm it, A major support can be
found at 1045 (05/02/2010 low).
(By Yann Quelenn )
