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)
