Bullish momentum is fading.
• Gold is pushing higher within uptrend channel.
Hourly support is located at 1246 (18/05/2017
low). Stronger support is given at 1195
(10/03/2017 low). Expected to show further
• 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)