(26 JUNE 2017)GOLD (in USD):Setting higher-lows.

(26 JUNE 2017)GOLD (in USD):Setting higher-lows.

26 June 2017, 13:47
Jiming Huang
0
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gold

Setting higher-lows.

• Gold's medium-term momentum is positive. 

Hourly support is located at 1240 (yesterday low). 

Stronger support is given at 1214 (09/05/2017 

low). Expected to show short-term 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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