(08 MAY 2017)GOLD:Consolidating around $1230.

(08 MAY 2017)GOLD:Consolidating around $1230.

8 May 2017, 14:14
Jiming Huang
0
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GOLD

Consolidating around $1230.

• Gold continues its decline after the yellow 

metal has faded near the hourly resistance at 

1295 (18/04/2017 high). Hourly support is now 

located at 1195 (10/03/2017 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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