0
88
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 )
