(01 MAY 2017)GOLD (in USD):Moving sideways.

(01 MAY 2017)GOLD (in USD):Moving sideways.

1 May 2017, 15:20
Jiming Huang


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 )

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