(24 APRIL 2017):GOLD (in USD):Bearish consolidation.

(24 APRIL 2017):GOLD (in USD):Bearish consolidation.

24 April 2017, 14:25
Jiming Huang
0
47

GOLD

Bearish consolidation.

• Gold has faded near the hourly resistance 

at 1295 (18/04/2017 high), suggesting a pickup 

in selling pressures. Support can be located at 

1265 (intraday 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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