Breaking resistance at $1263.
• Gold challenge to near term resistance has
paused yet, momentum seems back to bullish
despite some consolidation. Resistance is
located at 1263 (27/02/2017 high). Hourly
support can be found at 1224.10 (16/03/2017
• 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 Peter Rosenstreich )