(22 MAY 2017)GOLD (in USD):Ready for another leg higher.

(22 MAY 2017)GOLD (in USD):Ready for another leg higher.

22 May 2017, 14:16
Jiming Huang
0
31

gold

Ready for another leg higher.

• Gold seems on its way back up. Hourly support 

is located at 1246 (18/05/2017 low). Stronger 

support is given at 1195 (10/03/2017 low). 

Expected to show further upside pressures. 

• 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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