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)