(10 APRIL 2017)GOLD (in USD):Breaking resistance at $1263.

(10 APRIL 2017)GOLD (in USD):Breaking resistance at $1263.

10 April 2017, 14:26
Jiming Huang
0
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gold

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 

low). 

• 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 )

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